GMO International Quality ETF (NYSEARCA:QLTI) Shares Shorted: Short Interest Up 702.3% in September

GMO International Quality ETF (NYSEARCA:QLTI) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 11,497 shares, a growth of 702.3% from the August 31st total of 1,433 shares. Based on an average daily volume of 41,673 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

GMO International Quality ETF Stock Performance

Shares of GMO International Quality ETF stock traded up $0.10 on Friday, hitting $26.93. 3,289 shares of the company traded hands, compared to its average volume of 28,421. The business has a 50-day simple moving average of $27.28 and a 200 day simple moving average of $26.53. GMO International Quality ETF has a 52 week low of $24.22 and a 52 week high of $28.20. The stock has a market capitalization of $274.63 million, a P/E ratio of -39.60 and a beta of 0.51.

GMO International Quality ETF Announces Dividend

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.0248 per share. The ex-dividend date was Tuesday, June 30th. This represents a dividend yield of 18.0%. GMO International Quality ETF’s dividend payout ratio (DPR) is presently -23.53%.

Hedge Funds Weigh In On GMO International Quality ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QLTI. Dynamic Advisor Solutions LLC boosted its position in shares of GMO International Quality ETF by 28.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,447 shares of the company’s stock valued at $526,000 after acquiring an additional 4,314 shares during the last quarter. Parallel Advisors LLC increased its position in GMO International Quality ETF by 19.3% in the first quarter. Parallel Advisors LLC now owns 5,667 shares of the company’s stock worth $142,000 after purchasing an additional 918 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new stake in GMO International Quality ETF during the fourth quarter valued at $39,000. 61.01% of the stock is owned by institutional investors.

GMO International Quality ETF Company Profile

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.