GMO International Value ETF (NYSEARCA:GMOI) Sees Significant Decline in Short Interest

GMO International Value ETF (NYSEARCA:GMOI) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 40,171 shares, a drop of 74.4% from the May 31st total of 157,049 shares. Based on an average trading volume of 72,607 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

GMO International Value ETF Price Performance

Shares of NYSEARCA:GMOI opened at $37.39 on Friday. The company has a market capitalization of $441.20 million, a price-to-earnings ratio of 10.16 and a beta of 0.18. GMO International Value ETF has a 1 year low of $29.00 and a 1 year high of $38.67. The business’s 50-day moving average is $37.76 and its 200-day moving average is $36.37.

Institutional Investors Weigh In On GMO International Value ETF

Hedge funds have recently added to or reduced their stakes in the company. Maltin Wealth Management Inc. grew its position in GMO International Value ETF by 9.5% in the 4th quarter. Maltin Wealth Management Inc. now owns 159,910 shares of the company’s stock valued at $5,370,000 after purchasing an additional 13,839 shares during the period. J.W. Cole Advisors Inc. increased its stake in GMO International Value ETF by 66.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 52,060 shares of the company’s stock valued at $1,748,000 after buying an additional 20,839 shares during the last quarter. Fidelity D & D Bancorp Inc. purchased a new stake in shares of GMO International Value ETF during the fourth quarter valued at approximately $14,370,000. HighTower Advisors LLC increased its holdings in GMO International Value ETF by 30.0% during the fourth quarter. HighTower Advisors LLC now owns 720,793 shares of the company’s stock worth $24,204,000 after buying an additional 166,129 shares during the last quarter. Finally, Orcam Financial Group bought a new stake in shares of GMO International Value ETF in the fourth quarter valued at $485,000.

GMO International Value ETF Company Profile

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.