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

GMO U.S. Value ETF (NYSEARCA:GMOV) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,166 shares, a growth of 47.9% from the July 15th total of 3,493 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 11,239 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of GMO U.S. Value ETF by 1.8% in the fourth quarter. HighTower Advisors LLC now owns 123,110 shares of the company’s stock worth $3,384,000 after acquiring an additional 2,182 shares during the period. RPS Advisory Solutions LLC acquired a new stake in shares of GMO U.S. Value ETF during the 4th quarter valued at about $484,000. Aspen Investment Management Inc acquired a new stake in shares of GMO U.S. Value ETF during the 4th quarter valued at about $333,000. J.W. Cole Advisors Inc. increased its stake in shares of GMO U.S. Value ETF by 128.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 28,510 shares of the company’s stock valued at $784,000 after purchasing an additional 16,044 shares in the last quarter. Finally, Fund Evaluation Group LLC increased its stake in shares of GMO U.S. Value ETF by 7.4% in the 4th quarter. Fund Evaluation Group LLC now owns 50,500 shares of the company’s stock valued at $1,388,000 after purchasing an additional 3,500 shares in the last quarter.

GMO U.S. Value ETF Price Performance

NYSEARCA:GMOV opened at $32.66 on Thursday. The company has a 50 day moving average price of $30.99 and a 200-day moving average price of $29.78. GMO U.S. Value ETF has a 1-year low of $25.66 and a 1-year high of $32.78. The firm has a market cap of $104.51 million, a price-to-earnings ratio of 12.08 and a beta of 0.62.

GMO U.S. Value ETF Company Profile

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.