Short Interest in Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Grows By 288.3%

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,491 shares, a growth of 288.3% from the June 15th total of 384 shares. Based on an average daily volume of 1,149 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the shares of the company are short sold.

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

Large investors have recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new stake in shares of Gabelli Love Our Planet & People ETF in the 4th quarter worth $3,222,000. Gabelli Funds LLC increased its stake in shares of Gabelli Love Our Planet & People ETF by 114.0% during the first quarter. Gabelli Funds LLC now owns 42,800 shares of the company’s stock worth $1,484,000 after acquiring an additional 22,800 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Gabelli Love Our Planet & People ETF during the fourth quarter worth about $202,000.

Gabelli Love Our Planet & People ETF Trading Down 1.6%

Shares of NYSEARCA LOPP traded down $0.60 during trading hours on Monday, reaching $37.95. The stock had a trading volume of 100 shares, compared to its average volume of 1,685. The firm has a market cap of $15.18 million, a price-to-earnings ratio of 18.65 and a beta of 0.94. Gabelli Love Our Planet & People ETF has a fifty-two week low of $27.94 and a fifty-two week high of $40.00. The firm has a 50-day moving average of $38.07 and a 200-day moving average of $36.42.

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.