Short Interest in Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Expands By 288.0%

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,874 shares, a growth of 288.0% from the April 15th total of 483 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 544 shares, the short-interest ratio is presently 3.4 days.

Hedge Funds Weigh In On Gabelli Love Our Planet & People ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Gabelli Love Our Planet & People ETF during the 4th quarter worth approximately $202,000. Gabelli Funds LLC acquired a new position in Gabelli Love Our Planet & People ETF during the 4th quarter worth approximately $661,000. Finally, Gamco Investors INC. ET AL acquired a new position in Gabelli Love Our Planet & People ETF during the 4th quarter worth approximately $3,222,000.

Gabelli Love Our Planet & People ETF Stock Down 2.3%

Shares of NYSEARCA LOPP traded down $0.86 during midday trading on Friday, hitting $37.02. The stock had a trading volume of 113 shares, compared to its average volume of 2,168. The company has a market capitalization of $14.81 million, a price-to-earnings ratio of 18.65 and a beta of 0.96. Gabelli Love Our Planet & People ETF has a 1-year low of $27.94 and a 1-year high of $39.53. The company has a fifty day moving average price of $35.99 and a 200 day moving average price of $34.90.

Gabelli Love Our Planet & People ETF Company Profile

The Gabelli Love Our Planet & People ETF (LOPP) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, non-transparent fund of US-listed companies selected by combining ESG with value-oriented investing. The fund utilizes the Precidian non-transparent model. LOPP was launched on Feb 1, 2021 and is managed by Gabelli.