GMO U.S. Value ETF (NYSEARCA:GMOV) Sees Large Increase in Short Interest

GMO U.S. Value ETF (NYSEARCA:GMOV) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,614 shares, a growth of 610.0% from the August 15th total of 509 shares. Based on an average daily trading volume, of 7,807 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. HighTower Advisors LLC grew its stake in GMO U.S. Value ETF by 1.8% in the fourth 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 in the last quarter. MML Investors Services LLC bought a new stake in shares of GMO U.S. Value ETF during the 4th quarter worth approximately $1,794,000. Essential Partners LLC raised its stake in shares of GMO U.S. Value ETF by 8.6% during the 1st quarter. Essential Partners LLC now owns 60,238 shares of the company’s stock worth $1,692,000 after purchasing an additional 4,774 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of GMO U.S. Value ETF in the 4th quarter valued at approximately $1,536,000. Finally, Fund Evaluation Group LLC boosted its holdings in shares of GMO U.S. Value ETF by 7.4% in 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 during the last quarter.

GMO U.S. Value ETF Price Performance

Shares of NYSEARCA:GMOV opened at $32.59 on Friday. The company’s 50-day moving average price is $31.88 and its two-hundred day moving average price is $30.18. GMO U.S. Value ETF has a one year low of $25.66 and a one year high of $33.34. The stock has a market capitalization of $104.29 million, a PE ratio of 12.08 and a beta of 0.63.

GMO U.S. Value ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were given a $0.1283 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.6%.

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.