GMO U.S. Quality ETF (NYSEARCA:QLTY) Stock Short Interest Jumps 100.6%

GMO U.S. Quality ETF (NYSEARCA:QLTY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 142,204 shares, a growth of 100.6% from the September 15th total of 70,884 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 386,721 shares, the short-interest ratio is currently 0.4 days.

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

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of GMO U.S. Quality ETF by 2,089.2% in the 3rd quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock valued at $35,000 after purchasing an additional 773 shares in the last quarter. Royal Bank of Canada increased its stake in shares of GMO U.S. Quality ETF by 174.5% in the first quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 806 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of GMO U.S. Quality ETF in the second quarter worth $216,000. Sunbelt Securities Inc. increased its stake in shares of GMO U.S. Quality ETF by 3.8% in the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock worth $245,000 after buying an additional 250 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in GMO U.S. Quality ETF by 32.1% in the second quarter. NewEdge Advisors LLC now owns 8,288 shares of the company’s stock valued at $345,000 after acquiring an additional 2,014 shares in the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

GMO U.S. Quality ETF Price Performance

Shares of QLTY stock opened at $44.29 on Friday. The company’s fifty day moving average price is $43.11 and its two-hundred day moving average price is $41.40. The firm has a market capitalization of $5.44 billion, a P/E ratio of 61.51 and a beta of 0.97. GMO U.S. Quality ETF has a 12 month low of $35.15 and a 12 month high of $44.37.

GMO U.S. Quality ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.0613 dividend. This is a decrease from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 30th. GMO U.S. Quality ETF’s dividend payout ratio (DPR) is currently 38.89%.

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.