Short Interest in GMO International Quality ETF (NYSEARCA:QLTI) Drops By 98.8%

GMO International Quality ETF (NYSEARCA:QLTI) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 19,123 shares, a decrease of 98.8% from the December 15th total of 1,608,645 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 27,561 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 27,561 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC purchased a new stake in GMO International Quality ETF in the 2nd quarter valued at approximately $50,000. JPMorgan Chase & Co. purchased a new stake in shares of GMO International Quality ETF in the second quarter valued at $148,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of GMO International Quality ETF in the fourth quarter valued at $314,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of GMO International Quality ETF during the second quarter valued at $7,095,000. 61.01% of the stock is owned by hedge funds and other institutional investors.

GMO International Quality ETF Trading Down 0.3%

Shares of NYSEARCA:QLTI traded down $0.10 during midday trading on Tuesday, hitting $27.35. 6,486 shares of the stock were exchanged, compared to its average volume of 23,831. GMO International Quality ETF has a twelve month low of $21.41 and a twelve month high of $27.45. The company has a 50 day moving average price of $26.18 and a 200-day moving average price of $25.78. The stock has a market cap of $259.86 million, a P/E ratio of -40.20 and a beta of 0.98.

GMO International Quality ETF Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $0.0326 per share. The ex-dividend date was Tuesday, December 30th. GMO International Quality ETF’s payout ratio is presently -19.12%.

About GMO International Quality ETF

The GMO International Quality ETF (QLTI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in non-US equities that the adviser deems to be high quality. The fund focuses on companies with strong cash flows, targeting investments with high return potential. QLTI was launched on Oct 28, 2024 and is issued by GMO.