WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Short Interest Up 29.5% in April

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 80,092 shares, a growth of 29.5% from the March 31st total of 61,838 shares. Based on an average daily volume of 508,958 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

WisdomTree U.S. Quality Growth Fund Stock Performance

Shares of NYSEARCA:QGRW traded down $0.04 during midday trading on Wednesday, reaching $61.31. The company had a trading volume of 372,609 shares, compared to its average volume of 349,553. WisdomTree U.S. Quality Growth Fund has a 1-year low of $43.75 and a 1-year high of $62.10. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 36.83 and a beta of 1.26. The company has a fifty day simple moving average of $56.76 and a two-hundred day simple moving average of $57.91.

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

A number of hedge funds and other institutional investors have recently modified their holdings of QGRW. HighTower Advisors LLC boosted its stake in WisdomTree U.S. Quality Growth Fund by 64.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,356,988 shares of the company’s stock worth $192,557,000 after purchasing an additional 1,317,154 shares during the period. Bank of America Corp DE boosted its stake in WisdomTree U.S. Quality Growth Fund by 142.3% in the 3rd quarter. Bank of America Corp DE now owns 1,546,733 shares of the company’s stock worth $88,721,000 after purchasing an additional 908,416 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in WisdomTree U.S. Quality Growth Fund by 15,576.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 723,464 shares of the company’s stock worth $42,446,000 after purchasing an additional 718,849 shares during the period. Horizon Wealth Management LLC acquired a new position in WisdomTree U.S. Quality Growth Fund in the 4th quarter worth approximately $30,212,000. Finally, Retirement Planning Group LLC boosted its stake in WisdomTree U.S. Quality Growth Fund by 9.2% in the 3rd quarter. Retirement Planning Group LLC now owns 4,093,976 shares of the company’s stock worth $234,830,000 after purchasing an additional 344,356 shares during the period.

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.