GMO U.S. Quality ETF (NYSEARCA:QLTY) Shares Shorted: Short Interest Up 100.6% in September

GMO U.S. Quality ETF (NYSEARCA:QLTY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 142,204 shares, an increase of 100.6% from the September 15th total of 70,884 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 386,721 shares, the short-interest ratio is presently 0.4 days.

GMO U.S. Quality ETF Price Performance

GMO U.S. Quality ETF stock traded down $0.17 during mid-day trading on Wednesday, reaching $43.92. 76,183 shares of the company traded hands, compared to its average volume of 533,096. The firm’s fifty day moving average is $43.06 and its two-hundred day moving average is $41.28. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 60.94 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 $44.24.

GMO U.S. Quality ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.0613 per share. The ex-dividend date was Wednesday, September 30th. This is a decrease from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. GMO U.S. Quality ETF’s payout ratio is presently 38.89%.

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

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in GMO U.S. Quality ETF by 2,089.2% during the 3rd quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock valued at $35,000 after acquiring an additional 773 shares during the period. Royal Bank of Canada boosted its holdings 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 valued at $45,000 after acquiring an additional 806 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of GMO U.S. Quality ETF in the second quarter worth $216,000. Sunbelt Securities Inc. increased its stake in shares of GMO U.S. Quality ETF by 3.8% in the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock worth $245,000 after acquiring an additional 250 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of 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 worth $345,000 after acquiring an additional 2,014 shares during the period. 85.37% of the stock is owned by institutional investors and hedge funds.

GMO U.S. Quality ETF Company Profile

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.