WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Sees Significant Decline in Short Interest

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 12,866 shares, a decrease of 26.1% from the February 26th total of 17,407 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily volume of 2,982 shares, the short-interest ratio is currently 4.3 days.

Institutional Investors Weigh In On WisdomTree New Economy Real Estate Fund

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in WisdomTree New Economy Real Estate Fund during the 2nd quarter worth approximately $74,000. Bank of America Corp DE increased its stake in shares of WisdomTree New Economy Real Estate Fund by 8.0% in the second quarter. Bank of America Corp DE now owns 18,190 shares of the company’s stock worth $354,000 after acquiring an additional 1,344 shares during the period. LPL Financial LLC increased its stake in shares of WisdomTree New Economy Real Estate Fund by 50.7% in the fourth quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock worth $452,000 after acquiring an additional 7,142 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of WisdomTree New Economy Real Estate Fund by 165.4% during the first quarter. Jane Street Group LLC now owns 47,029 shares of the company’s stock worth $815,000 after purchasing an additional 29,311 shares during the last quarter. Institutional investors and hedge funds own 59.41% of the company’s stock.

WisdomTree New Economy Real Estate Fund Trading Down 1.6%

Shares of WTRE traded down $0.33 during midday trading on Monday, hitting $20.86. 3,878 shares of the company’s stock traded hands, compared to its average volume of 3,913. The stock has a market capitalization of $13.56 million, a price-to-earnings ratio of 1.12 and a beta of 0.99. WisdomTree New Economy Real Estate Fund has a 1 year low of $15.31 and a 1 year high of $24.33. The firm’s fifty day moving average is $22.97 and its 200-day moving average is $22.53.

About WisdomTree New Economy Real Estate Fund

The WisdomTree New Economy Real Estate ETF (WTRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a tier-weighted index of global real estate companies that have direct and\u002For indirect exposure to technology, sciences, or e-commerce. Holdings are selected based on a proprietary technology score and a leverage screening. WTRE was launched on Jun 5, 2007 and is managed by WisdomTree.