GMO U.S. Value ETF (NYSEARCA:GMOV) Stock Short Interest Falls 86.6%

GMO U.S. Value ETF (NYSEARCA:GMOV) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 484 shares, a decline of 86.6% from the August 31st total of 3,614 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 28,429 shares, the days-to-cover ratio is presently 0.0 days.

GMO U.S. Value ETF Price Performance

Shares of GMO U.S. Value ETF stock traded up $0.15 during trading on Friday, hitting $32.30. The stock had a trading volume of 1,063 shares, compared to its average volume of 16,237. GMO U.S. Value ETF has a 12 month low of $25.66 and a 12 month high of $33.47. The stock has a market cap of $96.89 million, a PE ratio of 12.08 and a beta of 0.63. The firm’s fifty day simple moving average is $32.25 and its 200-day simple moving average is $30.43.

GMO U.S. Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.1283 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, June 30th. This is a decrease from GMO U.S. Value ETF’s previous quarterly dividend of $0.1690.

Institutional Trading of GMO U.S. Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new stake in shares of GMO U.S. Value ETF during the first quarter valued at $84,000. Pathway Financial Advisors LLC purchased a new stake in GMO U.S. Value ETF in the 2nd quarter valued at about $246,000. Kestra Private Wealth Services LLC purchased a new stake in GMO U.S. Value ETF in the 1st quarter valued at about $333,000. J.W. Cole Advisors Inc. grew its stake in GMO U.S. Value ETF by 128.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 28,510 shares of the company’s stock worth $784,000 after acquiring an additional 16,044 shares in the last quarter. Finally, Essential Partners LLC increased its position in shares of GMO U.S. Value ETF by 8.6% during the first quarter. Essential Partners LLC now owns 60,238 shares of the company’s stock worth $1,692,000 after acquiring an additional 4,774 shares during the period.

GMO U.S. Value ETF Company Profile

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.