Short Interest in GMO U.S. Quality ETF (NYSEARCA:QLTY) Decreases By 72.5%

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

GMO U.S. Quality ETF Stock Performance

NYSEARCA:QLTY traded up $0.33 on Friday, hitting $42.59. 263,003 shares of the stock were exchanged, compared to its average volume of 553,816. The stock has a market capitalization 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 52 week low of $35.15 and a 52 week high of $43.70. The company’s 50-day moving average price is $42.36 and its 200 day moving average price is $40.40.

GMO U.S. Quality ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.0754 dividend. This is a boost from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. GMO U.S. Quality ETF’s payout ratio is 40.28%.

Institutional Investors Weigh In On GMO U.S. Quality ETF

A number of institutional investors and hedge funds have recently modified their holdings of QLTY. CENTRAL TRUST Co boosted its stake in GMO U.S. Quality ETF by 35.7% in the first quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock valued at $29,703,000 after acquiring an additional 215,930 shares during the last quarter. HB Wealth Management LLC grew its holdings in GMO U.S. Quality ETF by 13.5% during the 2nd quarter. HB Wealth Management LLC now owns 6,701,176 shares of the company’s stock worth $271,281,000 after acquiring an additional 796,001 shares during the period. Colony Family Offices LLC raised its position in shares of GMO U.S. Quality ETF by 7.9% during the 1st quarter. Colony Family Offices LLC now owns 487,099 shares of the company’s stock valued at $17,653,000 after acquiring an additional 35,746 shares during the last quarter. Stonehearth Capital Management LLC raised its position in shares of GMO U.S. Quality ETF by 4.8% during the 1st quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock valued at $15,953,000 after acquiring an additional 20,133 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of GMO U.S. Quality ETF in the 2nd quarter valued at $13,861,000. 85.37% of the stock is owned by institutional investors.

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.