Short Interest in WisdomTree Target Range Fund (NASDAQ:GTR) Declines By 83.7%

WisdomTree Target Range Fund (NASDAQ:GTR) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 2,197 shares, a decline of 83.7% from the December 31st total of 13,516 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 8,342 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 8,342 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

WisdomTree Target Range Fund Stock Down 0.2%

GTR stock traded down $0.04 during midday trading on Wednesday, reaching $26.01. The company’s stock had a trading volume of 1,181 shares, compared to its average volume of 5,960. The business’s 50-day simple moving average is $25.70 and its 200-day simple moving average is $25.57. The stock has a market cap of $62.93 million, a PE ratio of 20.13 and a beta of 0.60. WisdomTree Target Range Fund has a 52 week low of $21.59 and a 52 week high of $26.36.

WisdomTree Target Range Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.8466 per share. This is a boost from WisdomTree Target Range Fund’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $3.39 annualized dividend and a yield of 13.0%.

Institutional Investors Weigh In On WisdomTree Target Range Fund

A hedge fund recently raised its stake in WisdomTree Target Range Fund stock. Valmark Advisers Inc. raised its position in WisdomTree Target Range Fund (NASDAQ:GTR) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,232,564 shares of the company’s stock after acquiring an additional 10,507 shares during the period. Valmark Advisers Inc. owned approximately 92.25% of WisdomTree Target Range Fund worth $56,341,000 as of its most recent filing with the SEC.

WisdomTree Target Range Fund Company Profile

The WisdomTree Target Range Fund (GTR) is an exchange-traded fund that is based on the TOPS Global Equity Target Range index. The fund is an actively managed fund-of-funds that provides exposure to stocks from around the world while managing risk through a cash-secured call spread strategy. GTR was launched on Oct 7, 2021 and is managed by WisdomTree.