GMO International Quality ETF (NYSEARCA:QLTI) Sees Significant Growth in Short Interest

GMO International Quality ETF (NYSEARCA:QLTI) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,486 shares, an increase of 628.2% from the June 30th total of 616 shares. Based on an average daily volume of 9,260 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of GMO International Quality ETF

A number of hedge funds and other institutional investors have recently modified their holdings of QLTI. Turim 21 Investimentos Ltda. acquired a new stake in GMO International Quality ETF during the 4th quarter worth approximately $39,000. Parallel Advisors LLC grew its stake in shares of GMO International Quality ETF by 41.4% in the third quarter. Parallel Advisors LLC now owns 2,738 shares of the company’s stock worth $70,000 after acquiring an additional 802 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of GMO International Quality ETF during the second quarter worth $148,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of GMO International Quality ETF during the fourth quarter worth $314,000. Finally, RPS Advisory Solutions LLC acquired a new stake in shares of GMO International Quality ETF in the fourth quarter valued at $425,000. 61.01% of the stock is owned by institutional investors and hedge funds.

GMO International Quality ETF Price Performance

Shares of NYSEARCA:QLTI traded up $0.18 during midday trading on Friday, hitting $26.23. The company had a trading volume of 1,098 shares, compared to its average volume of 29,368. GMO International Quality ETF has a twelve month low of $24.21 and a twelve month high of $28.15. The stock has a market cap of $283.28 million, a price-to-earnings ratio of -38.57 and a beta of 0.50. The business’s 50-day simple moving average is $26.57 and its 200-day simple moving average is $26.53.

GMO International Quality ETF Company Profile

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.