Short Interest in GMO U.S. Quality ETF (NYSEARCA:QLTY) Decreases By 78.2%

GMO U.S. Quality ETF (NYSEARCA:QLTY) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 213,293 shares, a decrease of 78.2% from the June 30th total of 978,699 shares. Based on an average daily volume of 443,278 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of GMO U.S. Quality ETF

A number of large investors have recently made changes to their positions in the company. HB Wealth Management LLC raised its stake in GMO U.S. Quality ETF by 1,078.9% during the 1st quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after buying an additional 5,404,269 shares during the period. Lazard Asset Management LLC grew its stake in GMO U.S. Quality ETF by 3.8% in the first quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock valued at $94,011,000 after acquiring an additional 96,253 shares during the period. Prodigy Asset Management LLC grew its stake in GMO U.S. Quality ETF by 28.4% in the second quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock valued at $51,376,000 after acquiring an additional 273,297 shares during the period. Modern Wealth Management LLC increased its holdings in shares of GMO U.S. Quality ETF by 11,962.7% in the first quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock worth $38,073,000 after acquiring an additional 1,031,906 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of GMO U.S. Quality ETF by 35.7% in the first quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock worth $29,703,000 after acquiring an additional 215,930 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Price Performance

QLTY traded up $0.08 during mid-day trading on Friday, hitting $40.92. The stock had a trading volume of 207,463 shares, compared to its average volume of 596,421. The stock’s fifty day simple moving average is $41.22 and its 200-day simple moving average is $39.53. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 56.83 and a beta of 0.97. GMO U.S. Quality ETF has a 1-year low of $33.56 and a 1-year high of $42.06.

About GMO U.S. Quality ETF

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.