GMO U.S. Quality ETF (NYSEARCA:QLTY) Short Interest Update

GMO U.S. Quality ETF (NYSEARCA:QLTY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 50,318 shares, a decline of 72.5% from the August 15th total of 183,156 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 436,028 shares, the short-interest ratio is presently 0.1 days.

GMO U.S. Quality ETF Price Performance

NYSEARCA QLTY traded up $0.33 on Friday, reaching $42.59. The company had a trading volume of 263,003 shares, compared to its average volume of 553,816. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 59.15 and a beta of 0.97. GMO U.S. Quality ETF has a fifty-two week low of $35.15 and a fifty-two week high of $43.70. The business has a 50 day moving average of $42.36 and a two-hundred day moving average of $40.39.

GMO U.S. Quality ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.0754 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, June 30th. GMO U.S. Quality ETF’s dividend payout ratio is 40.28%.

Hedge Funds Weigh In On GMO U.S. Quality ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in shares of GMO U.S. Quality ETF by 174.5% in the 1st quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock worth $45,000 after purchasing an additional 806 shares during the period. Sunbelt Securities Inc. raised its stake in GMO U.S. Quality ETF by 3.8% during the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock worth $245,000 after buying an additional 250 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in GMO U.S. Quality ETF by 32.1% in the second quarter. NewEdge Advisors LLC now owns 8,288 shares of the company’s stock valued at $345,000 after buying an additional 2,014 shares during the period. KFG Wealth Management LLC lifted its holdings in GMO U.S. Quality ETF by 3.3% in the second quarter. KFG Wealth Management LLC now owns 10,607 shares of the company’s stock valued at $441,000 after buying an additional 342 shares during the period. Finally, Glenmede Trust Co. NA bought a new stake in GMO U.S. Quality ETF during the first quarter valued at $485,000. 85.37% of the stock is owned by institutional investors and hedge funds.

About GMO U.S. Quality ETF

The GMO U.S. Quality ETF (QLTY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that focuses on equities of high-quality US companies. The funds investments may include companies of any market capitalization. QLTY was launched on Nov 13, 2023 and is issued by GMO.