GMO U.S. Quality ETF (NYSEARCA:QLTY) Shares Shorted: Short Interest Up 100.6% in September

GMO U.S. Quality ETF (NYSEARCA:QLTY) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 142,204 shares, a growth of 100.6% from the September 15th total of 70,884 shares. Based on an average daily trading volume, of 386,721 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

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

Several hedge funds have recently bought and sold shares of the business. Stonehearth Capital Management LLC grew its stake in shares of GMO U.S. Quality ETF by 1.6% during the third quarter. Stonehearth Capital Management LLC now owns 454,836 shares of the company’s stock worth $19,472,000 after acquiring an additional 7,260 shares during the last quarter. Sprinkle Financial Consultants LLC increased its holdings in shares of GMO U.S. Quality ETF by 17.0% during the third quarter. Sprinkle Financial Consultants LLC now owns 106,690 shares of the company’s stock valued at $4,567,000 after acquiring an additional 15,483 shares in the last quarter. Paragon Capital Management Ltd increased its holdings in shares of GMO U.S. Quality ETF by 3.4% during the third quarter. Paragon Capital Management Ltd now owns 416,435 shares of the company’s stock valued at $17,828,000 after acquiring an additional 13,614 shares in the last quarter. Breakwater Capital Group increased its holdings in shares of GMO U.S. Quality ETF by 14.5% during the third quarter. Breakwater Capital Group now owns 32,686 shares of the company’s stock valued at $1,399,000 after acquiring an additional 4,147 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of GMO U.S. Quality ETF by 2,089.2% in the 3rd quarter. GAMMA Investing LLC now owns 810 shares of the company’s stock valued at $35,000 after purchasing an additional 773 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Price Performance

Shares of QLTY traded down $0.17 during mid-day trading on Wednesday, reaching $43.92. 76,183 shares of the company’s stock traded hands, compared to its average volume of 533,096. The stock has a market cap of $5.39 billion, a P/E ratio of 60.94 and a beta of 0.97. The stock’s 50-day moving average is $43.06 and its two-hundred day moving average is $41.28. GMO U.S. Quality ETF has a 12 month low of $35.15 and a 12 month high of $44.24.

GMO U.S. Quality ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a dividend of $0.0613 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, September 30th. This is a decrease from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. GMO U.S. Quality ETF’s dividend payout ratio (DPR) is presently 38.89%.

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.