Short Interest in WisdomTree U.S. Multifactor Fund (BATS:USMF) Rises By 595.8%

WisdomTree U.S. Multifactor Fund (BATS:USMF) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 8,183 shares, an increase of 595.8% from the June 30th total of 1,176 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 18,713 shares, the days-to-cover ratio is presently 0.4 days.

WisdomTree U.S. Multifactor Fund Price Performance

Shares of BATS:USMF opened at $52.85 on Friday. The firm has a market capitalization of $421.74 million, a PE ratio of 18.84 and a beta of 0.83. WisdomTree U.S. Multifactor Fund has a 1 year low of $48.40 and a 1 year high of $54.67. The firm’s 50-day moving average is $53.14 and its two-hundred day moving average is $51.76.

Institutional Investors Weigh In On WisdomTree U.S. Multifactor Fund

Several large investors have recently added to or reduced their stakes in USMF. WealthPoint Financial LLC lifted its holdings in WisdomTree U.S. Multifactor Fund by 7.7% during the 1st quarter. WealthPoint Financial LLC now owns 20,266 shares of the company’s stock worth $1,001,000 after buying an additional 1,456 shares in the last quarter. Royal Bank of Canada grew its stake in shares of WisdomTree U.S. Multifactor Fund by 99.4% in the first quarter. Royal Bank of Canada now owns 2,163 shares of the company’s stock worth $107,000 after acquiring an additional 1,078 shares in the last quarter. World Equity Group Inc. grew its stake in shares of WisdomTree U.S. Multifactor Fund by 3.8% in the first quarter. World Equity Group Inc. now owns 6,095 shares of the company’s stock worth $301,000 after acquiring an additional 225 shares in the last quarter. Walled Lake Planning & Wealth Management LLC purchased a new stake in shares of WisdomTree U.S. Multifactor Fund during the first quarter worth $17,683,000. Finally, Kestra Advisory Services LLC increased its position in shares of WisdomTree U.S. Multifactor Fund by 76.1% during the first quarter. Kestra Advisory Services LLC now owns 13,340 shares of the company’s stock worth $659,000 after acquiring an additional 5,765 shares during the period.

WisdomTree U.S. Multifactor Fund Company Profile

The WisdomTree U.S. Multifactor Fund (USMF) is an exchange-traded fund that is based on the WisdomTree U.S. Multifactor index. The fund tracks an index of 200 US-listed equities. Stocks are selected and weighted by a combination of investment factors. USMF was launched on Jun 29, 2017 and is managed by WisdomTree.