WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Sees Significant Growth in Short Interest

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 89,105 shares, an increase of 128.3% from the August 15th total of 39,028 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 207,243 shares, the days-to-cover ratio is presently 0.4 days.

WisdomTree U.S. Quality Growth Fund Stock Performance

Shares of QGRW traded down $0.37 during midday trading on Tuesday, hitting $66.24. 82,215 shares of the company traded hands, compared to its average volume of 312,078. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 36.83 and a beta of 1.32. The firm has a 50 day moving average of $66.42 and a 200-day moving average of $62.97. WisdomTree U.S. Quality Growth Fund has a 52 week low of $50.94 and a 52 week high of $69.00.

Hedge Funds Weigh In On WisdomTree U.S. Quality Growth Fund

Several institutional investors have recently added to or reduced their stakes in QGRW. RFG Advisory LLC lifted its stake in shares of WisdomTree U.S. Quality Growth Fund by 5.9% in the 2nd quarter. RFG Advisory LLC now owns 39,791 shares of the company’s stock valued at $2,627,000 after purchasing an additional 2,225 shares during the last quarter. NewEdge Advisors LLC raised its holdings in WisdomTree U.S. Quality Growth Fund by 10.5% during the 2nd quarter. NewEdge Advisors LLC now owns 5,090 shares of the company’s stock valued at $336,000 after buying an additional 484 shares during the period. IFP Advisors Inc raised its holdings in WisdomTree U.S. Quality Growth Fund by 563.7% during the 2nd quarter. IFP Advisors Inc now owns 1,334 shares of the company’s stock valued at $88,000 after buying an additional 1,133 shares during the period. XY Planning Network Inc. lifted its position in WisdomTree U.S. Quality Growth Fund by 7.7% in the second quarter. XY Planning Network Inc. now owns 12,358 shares of the company’s stock worth $816,000 after buying an additional 883 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in WisdomTree U.S. Quality Growth Fund in the second quarter worth $63,000.

WisdomTree U.S. Quality Growth Fund Company Profile

The Wisdomtree U.S. Quality Growth Fund (QGRW) is an exchange-traded fund that is based on the WisdomTree U.S. Quality Growth index. The fund tracks a market cap-weighted index of 100 large-cap growth companies in the US that exhibit the strongest quality characteristics relative to their peers. QGRW was launched on Dec 15, 2022 and is managed by WisdomTree.