GMO International Value ETF (NYSEARCA:GMOI) Stock Short Interest Declines 97.0%

GMO International Value ETF (NYSEARCA:GMOI) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 8,558 shares, a decrease of 97.0% from the October 15th total of 283,039 shares. Based on an average daily volume of 53,067 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

GMO International Value ETF Price Performance

Shares of GMOI stock traded up $0.07 on Thursday, reaching $40.53. 25,253 shares of the company were exchanged, compared to its average volume of 94,319. The company has a 50-day moving average of $40.35 and a 200-day moving average of $38.59. The company has a market cap of $705.22 million, a price-to-earnings ratio of 11.70 and a beta of 0.22. GMO International Value ETF has a one year low of $31.07 and a one year high of $42.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GMOI. HighTower Advisors LLC bought a new position in GMO International Value ETF in the third quarter worth approximately $29,111,000. Envestnet Asset Management Inc. increased its holdings in shares of GMO International Value ETF by 13.9% during the second quarter. Envestnet Asset Management Inc. now owns 237,745 shares of the company’s stock valued at $8,911,000 after acquiring an additional 29,018 shares in the last quarter. Beaumont Financial Advisors LLC raised its position in shares of GMO International Value ETF by 13.9% during the third quarter. Beaumont Financial Advisors LLC now owns 227,694 shares of the company’s stock worth $9,028,000 after purchasing an additional 27,863 shares during the period. Capital Investment Advisors LLC raised its position in shares of GMO International Value ETF by 120.1% during the third quarter. Capital Investment Advisors LLC now owns 124,784 shares of the company’s stock worth $4,948,000 after purchasing an additional 68,088 shares during the period. Finally, New England Private Wealth Advisors LLC raised its position in shares of GMO International Value ETF by 0.6% during the third quarter. New England Private Wealth Advisors LLC now owns 101,890 shares of the company’s stock worth $4,040,000 after purchasing an additional 649 shares during the period.

About GMO International Value ETF

The GMO International Value ETF (GMOI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in international equity markets. The fund aims to capitalize on perceived market dislocations, using proprietary methods to identify undervalued equities with positive return potential GMOI was launched on Oct 28, 2024 and is issued by GMO.