The Gotham 1000 Value ETF (NYSEARCA:GVLU) experienced a notable rise in short interest during December 2023. As of December 31, the total short interest reached 97,004 shares, reflecting an increase of 30.0% from the December 15 figure of 74,599 shares. With an average trading volume of 8,222 shares, this results in a days-to-cover ratio of 11.8 days, indicating a significant level of investor skepticism towards the fund. Currently, short sales represent 1.2% of the total shares outstanding.
Recent Trading Performance
On Monday, the price of GVLU stock declined by $0.19, settling at $25.67 during trading hours. The day’s trading volume reached 3,989 shares, which is below its average of 9,581 shares. The fund’s market capitalization stands at approximately $204.08 million, with a price-to-earnings (PE) ratio of 13.28 and a beta of 1.03. Over the past year, GVLU has seen a low of $19.97 and a high of $26.24, while its 50-day and 200-day simple moving averages are $25.29 and $25.12, respectively.
Dividend Announcement and Institutional Interest
Additionally, the Gotham 1000 Value ETF has recently declared an annual dividend, which shareholders received on December 11. Those on record as of December 10 received a dividend of $1.5872 per share, yielding a remarkable 641.0%. The ex-dividend date was also set for December 10.
The Gotham 1000 Value ETF primarily invests in large- and mid-cap value stocks within the United States and is actively managed by Gotham. Launched on June 7, 2022, the fund continues to attract institutional investors, reflecting growing interest in its investment strategy.
This substantial shift in short interest, combined with the recent dividend announcement, highlights the dynamic nature of the Gotham 1000 Value ETF as it navigates the complex landscape of market investments. As investors assess the implications of these figures, the ETF remains a focal point for those looking to capitalize on value opportunities in the current economic climate.
