GMO U.S. Quality ETF (NYSEARCA:QLTY) Short Interest Update

GMO U.S. Quality ETF (NYSEARCA:QLTY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 50,318 shares, a decline of 72.5% from the August 15th total of 183,156 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 436,028 shares, the days-to-cover ratio is currently 0.1 days.

GMO U.S. Quality ETF Stock Up 0.8%

Shares of NYSEARCA:QLTY traded up $0.33 during trading on Friday, hitting $42.59. 263,003 shares of the company were exchanged, compared to its average volume of 553,816. GMO U.S. Quality ETF has a 1-year low of $35.15 and a 1-year high of $43.70. The company has a market capitalization of $4.95 billion, a P/E ratio of 59.15 and a beta of 0.97. The business’s 50 day moving average is $42.36 and its 200-day moving average is $40.39.

GMO U.S. Quality ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a $0.0754 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. GMO U.S. Quality ETF’s payout ratio is currently 40.28%.

Institutional Trading of GMO U.S. Quality ETF

A number of hedge funds have recently made changes to their positions in the company. Aspen Investment Management Inc grew its holdings in shares of GMO U.S. Quality ETF by 4.6% during the first quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock worth $1,006,000 after purchasing an additional 1,210 shares during the last quarter. Sprinkle Financial Consultants LLC boosted its position in GMO U.S. Quality ETF by 10.5% during the 1st quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock worth $3,157,000 after buying an additional 8,264 shares during the period. Allegheny Financial Group boosted its position in GMO U.S. Quality ETF by 64.0% during the 1st quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock worth $14,492,000 after buying an additional 156,371 shares during the period. Stonehearth Capital Management LLC grew its holdings in GMO U.S. Quality ETF by 4.8% during the 1st quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock worth $15,953,000 after acquiring an additional 20,133 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in GMO U.S. Quality ETF by 35.7% during the 1st 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 during the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.

GMO U.S. Quality ETF Company Profile

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.