GMO International Quality ETF (NYSEARCA:QLTI) Sees Large Decline in Short Interest

GMO International Quality ETF (NYSEARCA:QLTI) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 19,123 shares, a decrease of 98.8% from the December 15th total of 1,608,645 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 27,561 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 27,561 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On GMO International Quality ETF

Hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in shares of GMO International Quality ETF during the second quarter worth $7,095,000. Dynamic Advisor Solutions LLC bought a new position in GMO International Quality ETF during the fourth quarter worth about $314,000. JPMorgan Chase & Co. grew its stake in GMO International Quality ETF by 142.3% in the third quarter. JPMorgan Chase & Co. now owns 13,952 shares of the company’s stock valued at $356,000 after acquiring an additional 8,193 shares during the period. Finally, Parallel Advisors LLC bought a new stake in shares of GMO International Quality ETF in the second quarter worth about $50,000. 61.01% of the stock is currently owned by institutional investors and hedge funds.

GMO International Quality ETF Stock Performance

QLTI traded up $0.13 during midday trading on Monday, reaching $27.45. 6,039 shares of the company were exchanged, compared to its average volume of 26,363. The stock has a market capitalization of $260.78 million, a P/E ratio of -40.37 and a beta of 0.98. GMO International Quality ETF has a one year low of $21.41 and a one year high of $27.45. The stock’s 50-day simple moving average is $26.18 and its 200 day simple moving average is $25.78.

GMO International Quality ETF Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.0326 per share. The ex-dividend date of this dividend was Tuesday, December 30th. GMO International Quality ETF’s dividend payout ratio (DPR) is presently -19.12%.

About GMO International Quality ETF

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.