WisdomTree Target Range Fund (NASDAQ:GTR) Short Interest Down 23.7% in December

WisdomTree Target Range Fund (NASDAQ:GTR) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 13,516 shares, a decline of 23.7% from the December 15th total of 17,711 shares. Based on an average daily volume of 6,042 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 6,042 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On WisdomTree Target Range Fund

An institutional investor recently raised its position in WisdomTree Target Range Fund stock. Valmark Advisers Inc. raised its position in shares of WisdomTree Target Range Fund (NASDAQ:GTR) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,183,141 shares of the company’s stock after buying an additional 51,590 shares during the quarter. WisdomTree Target Range Fund comprises about 0.7% of Valmark Advisers Inc.’s investment portfolio, making the stock its 28th largest holding. Valmark Advisers Inc. owned approximately 93.70% of WisdomTree Target Range Fund worth $53,421,000 at the end of the most recent reporting period.

WisdomTree Target Range Fund Stock Up 0.1%

Shares of NASDAQ GTR traded up $0.03 during midday trading on Monday, reaching $25.93. 3,867 shares of the company’s stock traded hands, compared to its average volume of 7,915. The company has a market cap of $62.75 million, a price-to-earnings ratio of 20.13 and a beta of 0.60. WisdomTree Target Range Fund has a one year low of $21.59 and a one year high of $26.36. The stock’s 50 day simple moving average is $25.70 and its 200-day simple moving average is $25.51.

WisdomTree Target Range Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 10th were given a $0.8466 dividend. This represents a $3.39 annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend was Wednesday, December 10th. This is a positive change from WisdomTree Target Range Fund’s previous quarterly dividend of $0.15.

About WisdomTree Target Range Fund

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.