GMO U.S. Quality ETF (NYSEARCA:QLTY) Short Interest Update

GMO U.S. Quality ETF (NYSEARCA:QLTY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 978,699 shares, an increase of 207.4% from the June 15th total of 318,387 shares. Based on an average daily trading volume, of 366,337 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.9% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of GMO U.S. Quality ETF by 174.5% during the 1st quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 806 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in 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 valued at $245,000 after buying an additional 250 shares in the last quarter. Glenmede Trust Co. NA bought a new position in GMO U.S. Quality ETF in the first quarter valued at about $485,000. Chemistry Wealth Management LLC grew its position in GMO U.S. Quality ETF by 22.9% in the second quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock valued at $500,000 after acquiring an additional 2,239 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in GMO U.S. Quality ETF by 77.5% during the first quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock worth $539,000 after acquiring an additional 6,510 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

GMO U.S. Quality ETF Stock Performance

NYSEARCA:QLTY traded down $0.24 during mid-day trading on Monday, reaching $41.71. 236,253 shares of the company’s stock were exchanged, compared to its average volume of 611,027. The business’s fifty day simple moving average is $40.99 and its two-hundred day simple moving average is $39.35. GMO U.S. Quality ETF has a one year low of $33.56 and a one year high of $42.00. The firm has a market capitalization of $4.77 billion, a PE ratio of 57.93 and a beta of 0.97.

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.