GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Significant Increase in Short Interest

GMO U.S. Quality ETF (NYSEARCA:QLTY) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 978,699 shares, an increase of 207.4% from the June 15th total of 318,387 shares. Based on an average daily volume of 366,337 shares, the short-interest ratio is presently 2.7 days. Approximately 0.9% of the shares of the stock are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in QLTY. Chemistry Wealth Management LLC grew its holdings in shares of GMO U.S. Quality ETF by 22.9% during the second quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock worth $500,000 after purchasing an additional 2,239 shares in the last quarter. Breakwater Capital Group lifted its position in GMO U.S. Quality ETF by 16.7% during the second quarter. Breakwater Capital Group now owns 28,539 shares of the company’s stock valued at $1,188,000 after purchasing an additional 4,090 shares during the last quarter. Sprinkle Financial Consultants LLC lifted its position in GMO U.S. Quality ETF by 4.5% during the second quarter. Sprinkle Financial Consultants LLC now owns 91,207 shares of the company’s stock valued at $3,796,000 after purchasing an additional 3,939 shares during the last quarter. Prodigy Asset Management LLC raised its position in shares of GMO U.S. Quality ETF by 28.4% during the 2nd quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock valued at $51,376,000 after buying an additional 273,297 shares in the last quarter. Finally, Stonehearth Capital Management LLC grew its position in GMO U.S. Quality ETF by 1.5% in the second quarter. Stonehearth Capital Management LLC now owns 447,576 shares of the company’s stock worth $18,628,000 after acquiring an additional 6,650 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors.

GMO U.S. Quality ETF Trading Up 0.3%

Shares of QLTY traded up $0.11 during mid-day trading on Wednesday, reaching $41.79. 37,298 shares of the stock traded hands, compared to its average volume of 605,223. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 58.04 and a beta of 0.97. GMO U.S. Quality ETF has a 1 year low of $33.56 and a 1 year high of $42.00. The firm has a fifty day moving average price of $41.06 and a 200 day moving average price of $39.39.

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.