Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Sees Significant Drop in Short Interest

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 599 shares, a decrease of 40.5% from the August 15th total of 1,007 shares. Based on an average daily volume of 307 shares, the short-interest ratio is currently 2.0 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Gabelli Love Our Planet & People ETF

Several hedge funds have recently made changes to their positions in LOPP. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Gabelli Love Our Planet & People ETF in the fourth quarter valued at $202,000. Gabelli Funds LLC acquired a new position in Gabelli Love Our Planet & People ETF during the fourth quarter valued at $661,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Gabelli Love Our Planet & People ETF in the 4th quarter worth about $3,222,000.

Gabelli Love Our Planet & People ETF Price Performance

Shares of NYSEARCA:LOPP traded up $0.01 on Wednesday, reaching $35.91. 113 shares of the company traded hands, compared to its average volume of 1,294. The stock has a market capitalization of $35.87 million, a PE ratio of 18.65 and a beta of 0.94. The company’s 50 day moving average is $37.69 and its 200-day moving average is $37.17. Gabelli Love Our Planet & People ETF has a fifty-two week low of $31.69 and a fifty-two week high of $40.00.

Gabelli Love Our Planet & People ETF Company Profile

The Gabelli Love Our Planet & People ETF (LOPP) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, non-transparent fund of US-listed companies selected by combining ESG with value-oriented investing. The fund utilizes the Precidian non-transparent model. LOPP was launched on Feb 1, 2021 and is managed by Gabelli.