Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Short Interest Down 40.5% in August

by · The Markets Daily

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 599 shares, a decrease of 40.5% from the August 15th total of 1,007 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 307 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of Gabelli Love Our Planet & People ETF

Several hedge funds have recently added to or reduced their stakes in the business. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Gabelli Love Our Planet & People ETF during the fourth quarter valued at about $202,000. Gabelli Funds LLC bought a new stake in shares of Gabelli Love Our Planet & People ETF in the 4th quarter valued at about $661,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Gabelli Love Our Planet & People ETF during the 4th quarter valued at about $3,222,000.

Gabelli Love Our Planet & People ETF Price Performance

NYSEARCA LOPP traded down $0.24 on Friday, reaching $35.89. 19 shares of the company’s stock traded hands, compared to its average volume of 1,287. Gabelli Love Our Planet & People ETF has a 12 month low of $31.69 and a 12 month high of $40.00. The stock has a 50-day simple moving average of $37.61 and a 200 day simple moving average of $37.16. The stock has a market cap of $35.85 million, a PE ratio of 18.65 and a beta of 0.94.

About Gabelli Love Our Planet & People ETF

(Get Free Report)

The Gabelli Love Our Planet & People ETF (LOPP) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, non-transparent fund of US-listed companies selected by combining ESG with value-oriented investing. The fund utilizes the Precidian non-transparent model. LOPP was launched on Feb 1, 2021 and is managed by Gabelli.

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