GMO International Quality ETF (NYSEARCA:QLTI) Sees Significant Increase in Short Interest

GMO International Quality ETF (NYSEARCA:QLTI) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 11,497 shares, a growth of 702.3% from the August 31st total of 1,433 shares. Based on an average daily volume of 41,673 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of GMO International Quality ETF

Hedge funds have recently made changes to their positions in the business. Turim 21 Investimentos Ltda. acquired a new position in shares of GMO International Quality ETF during the 4th quarter worth approximately $39,000. Parallel Advisors LLC boosted its position in GMO International Quality ETF by 19.3% during the first quarter. Parallel Advisors LLC now owns 5,667 shares of the company’s stock worth $142,000 after purchasing an additional 918 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of GMO International Quality ETF by 28.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 19,447 shares of the company’s stock valued at $526,000 after purchasing an additional 4,314 shares during the last quarter. 61.01% of the stock is owned by institutional investors and hedge funds.

GMO International Quality ETF Trading Up 0.3%

Shares of NYSEARCA QLTI traded up $0.08 during mid-day trading on Thursday, hitting $26.82. The company had a trading volume of 394 shares, compared to its average volume of 28,560. The firm has a 50-day simple moving average of $27.28 and a two-hundred day simple moving average of $26.53. GMO International Quality ETF has a one year low of $24.22 and a one year high of $28.20. The company has a market capitalization of $273.56 million, a PE ratio of -39.44 and a beta of 0.51.

GMO International Quality ETF Announces Dividend

The company also recently announced a semiannual dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were paid a $0.0248 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a dividend yield of 18.0%. GMO International Quality ETF’s dividend payout ratio (DPR) is currently -23.53%.

About GMO International Quality ETF

The GMO International Quality ETF (QLTI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in non-US equities that the adviser deems to be high quality. The fund focuses on companies with strong cash flows, targeting investments with high return potential. QLTI was launched on Oct 28, 2024 and is issued by GMO.