GMO U.S. Value ETF (NYSEARCA:GMOV) Sees Large Increase in Short Interest

GMO U.S. Value ETF (NYSEARCA:GMOV) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 3,840 shares, a growth of 693.4% from the September 15th total of 484 shares. Based on an average daily trading volume, of 10,458 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On GMO U.S. Value ETF

Several large investors have recently bought and sold shares of GMOV. Fifth Third Bancorp bought a new stake in shares of GMO U.S. Value ETF during the 1st quarter worth about $84,000. Pathway Financial Advisors LLC acquired a new position in shares of GMO U.S. Value ETF during the second quarter valued at approximately $246,000. Kestra Private Wealth Services LLC acquired a new position in shares of GMO U.S. Value ETF during the first quarter valued at approximately $333,000. Finally, Essential Partners LLC increased its stake 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 valued at $1,692,000 after acquiring an additional 4,774 shares during the period.

GMO U.S. Value ETF Price Performance

Shares of GMO U.S. Value ETF stock opened at $31.95 on Friday. GMO U.S. Value ETF has a 1-year low of $25.66 and a 1-year high of $33.47. The business’s fifty day moving average price is $32.39 and its two-hundred day moving average price is $30.70. The company has a market capitalization of $95.85 million, a P/E ratio of 12.08 and a beta of 0.65.

GMO U.S. Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.1678 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from GMO U.S. Value ETF’s previous quarterly dividend of $0.1283. This represents a $0.67 annualized dividend and a yield of 2.1%.

About GMO U.S. Value ETF

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.