Short Interest in GMO U.S. Value ETF (NYSEARCA:GMOV) Declines By 60.2%

GMO U.S. Value ETF (NYSEARCA:GMOV) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 3,493 shares, a decrease of 60.2% from the June 30th total of 8,785 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 34,885 shares, the days-to-cover ratio is presently 0.1 days.

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

Hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC raised its stake in shares of GMO U.S. Value ETF by 1.8% during the 4th quarter. HighTower Advisors LLC now owns 123,110 shares of the company’s stock valued at $3,384,000 after purchasing an additional 2,182 shares during the period. Fifth Third Bancorp purchased a new position in GMO U.S. Value ETF during the 1st quarter valued at about $84,000. Fund Evaluation Group LLC grew its holdings in GMO U.S. Value ETF by 7.4% during the 4th quarter. Fund Evaluation Group LLC now owns 50,500 shares of the company’s stock valued at $1,388,000 after buying an additional 3,500 shares in the last quarter. Essential Partners LLC increased its position in shares of GMO U.S. Value ETF by 8.6% during the first quarter. Essential Partners LLC now owns 60,238 shares of the company’s stock valued at $1,692,000 after buying an additional 4,774 shares during the period. Finally, Legacy Capital Wealth Partners LLC increased its position in shares of GMO U.S. Value ETF by 6.8% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 96,504 shares of the company’s stock valued at $2,653,000 after buying an additional 6,156 shares during the period.

GMO U.S. Value ETF Stock Performance

GMO U.S. Value ETF stock opened at $31.06 on Monday. GMO U.S. Value ETF has a 1-year low of $24.79 and a 1-year high of $31.29. The firm has a market capitalization of $99.39 million, a price-to-earnings ratio of 12.08 and a beta of 0.65. The firm has a 50 day simple moving average of $30.29 and a 200 day simple moving average of $29.28.

About GMO U.S. Value ETF

The GMO US Value ETF (GMOV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in US equity securities. The fund seeks to identify undervalued US stocks using proprietary quantitative methods, capitalizing on perceived market dislocations GMOV was launched on Oct 28, 2024 and is issued by GMO.