GMO International Value ETF (NYSEARCA:GMOI) Shares Shorted: Short Interest Up 2,047.0% in October

GMO International Value ETF (NYSEARCA:GMOI) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 283,039 shares, a growth of 2,047.0% from the September 30th total of 13,183 shares. Based on an average daily volume of 66,540 shares, the days-to-cover ratio is presently 4.3 days. Currently, 1.7% of the shares of the company are sold short.

GMO International Value ETF Price Performance

Shares of GMOI traded up $0.20 on Monday, reaching $40.31. 20,483 shares of the stock traded hands, compared to its average volume of 96,231. The firm has a market cap of $689.30 million, a price-to-earnings ratio of 10.16 and a beta of 0.21. GMO International Value ETF has a 12 month low of $30.95 and a 12 month high of $42.15. The stock’s 50-day moving average price is $40.61 and its 200-day moving average price is $38.18.

Hedge Funds Weigh In On GMO International Value ETF

A number of hedge funds have recently made changes to their positions in GMOI. Capital Investment Advisors LLC boosted its holdings in 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 valued at $4,948,000 after purchasing an additional 68,088 shares in the last quarter. Beaumont Financial Advisors LLC raised its position in GMO International Value ETF by 13.9% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 227,694 shares of the company’s stock valued at $9,028,000 after purchasing an additional 27,863 shares during the last quarter. New England Private Wealth Advisors LLC raised its position in GMO International Value ETF by 0.6% in the 3rd quarter. New England Private Wealth Advisors LLC now owns 101,890 shares of the company’s stock valued at $4,040,000 after purchasing an additional 649 shares during the last quarter. Tempus Wealth Planning LLC boosted its stake in GMO International Value ETF by 115.4% in the third quarter. Tempus Wealth Planning LLC now owns 39,240 shares of the company’s stock worth $1,556,000 after purchasing an additional 21,020 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in GMO International Value ETF by 1,276.4% in the third quarter. Farther Finance Advisors LLC now owns 27,734 shares of the company’s stock worth $1,100,000 after purchasing an additional 25,719 shares in the last quarter.

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.