GMO International Quality ETF (NYSEARCA:QLTI) Short Interest Down 45.7% in August

GMO International Quality ETF (NYSEARCA:QLTI) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,716 shares, a drop of 45.7% from the July 30th total of 3,163 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 19,443 shares, the short-interest ratio is presently 0.1 days.

GMO International Quality ETF Stock Performance

NYSEARCA QLTI traded down $0.10 during trading on Friday, reaching $27.90. 3,100 shares of the company traded hands, compared to its average volume of 28,818. GMO International Quality ETF has a 1-year low of $24.22 and a 1-year high of $28.20. The company has a market cap of $301.32 million, a price-to-earnings ratio of -41.03 and a beta of 0.50. The stock’s 50 day moving average price is $27.22 and its two-hundred day moving average price is $26.61.

Institutional Investors Weigh In On GMO International Quality ETF

Several institutional investors and hedge funds have recently made changes to their positions in QLTI. Lazard Asset Management LLC boosted its holdings in shares of GMO International Quality ETF by 143.2% in the 4th quarter. Lazard Asset Management LLC now owns 1,523,733 shares of the company’s stock worth $40,531,000 after acquiring an additional 897,193 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in GMO International Quality ETF during the 4th quarter valued at $1,221,000. JPMorgan Chase & Co. raised its position in GMO International Quality ETF by 142.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,952 shares of the company’s stock valued at $356,000 after purchasing an additional 8,193 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in GMO International Quality ETF by 28.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,447 shares of the company’s stock valued at $526,000 after purchasing an additional 4,314 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in GMO International Quality ETF by 19.3% in the first quarter. Parallel Advisors LLC now owns 5,667 shares of the company’s stock worth $142,000 after purchasing an additional 918 shares in the last quarter. Institutional investors and hedge funds own 61.01% of the company’s stock.

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.