GMO International Value ETF (NYSEARCA:GMOI) Shares Shorted: Short Interest Down 97.0% in October

GMO International Value ETF (NYSEARCA:GMOI) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 8,558 shares, a decline of 97.0% from the October 15th total of 283,039 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 53,067 shares, the short-interest ratio is presently 0.2 days.

GMO International Value ETF Stock Performance

NYSEARCA:GMOI traded down $0.12 during mid-day trading on Tuesday, hitting $40.65. 19,115 shares of the stock were exchanged, compared to its average volume of 94,818. GMO International Value ETF has a fifty-two week low of $31.07 and a fifty-two week high of $42.15. The firm’s 50-day simple moving average is $40.39 and its 200 day simple moving average is $38.54. The stock has a market capitalization of $703.25 million, a price-to-earnings ratio of 10.16 and a beta of 0.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GMOI. Signature Equity Partners LLC bought a new stake in shares of GMO International Value ETF in the 1st quarter valued at about $28,000. TD Waterhouse Canada Inc. acquired a new stake in shares of GMO International Value ETF during the second quarter worth $34,000. Allied Private Wealth LLC bought a new position in GMO International Value ETF during the second quarter worth $54,000. Sanctuary Advisors LLC bought a new position in GMO International Value ETF during the first quarter worth $211,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of GMO International Value ETF in the 3rd quarter valued at about $287,000.

GMO International Value ETF Company Profile

The GMO International Value ETF (GMOI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in international equity markets. The fund aims to capitalize on perceived market dislocations, using proprietary methods to identify undervalued equities with positive return potential GMOI was launched on Oct 28, 2024 and is issued by GMO.