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

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 39,824 shares, a drop of 62.7% from the April 30th total of 106,768 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 366,422 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of institutional investors have recently bought and sold shares of QGRW. CreativeOne Wealth LLC lifted its holdings in WisdomTree U.S. Quality Growth Fund by 38.7% during the 4th quarter. CreativeOne Wealth LLC now owns 24,514 shares of the company’s stock valued at $1,438,000 after purchasing an additional 6,841 shares during the last quarter. TopTier Wealth Management LLC acquired a new position in WisdomTree U.S. Quality Growth Fund in the 4th quarter valued at about $1,938,000. Commonwealth Equity Services LLC grew its stake in WisdomTree U.S. Quality Growth Fund by 121.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 33,975 shares of the company’s stock valued at $1,993,000 after buying an additional 18,635 shares during the last quarter. Equitable Holdings Inc. grew its stake in WisdomTree U.S. Quality Growth Fund by 27.3% in the 3rd quarter. Equitable Holdings Inc. now owns 37,452 shares of the company’s stock valued at $2,148,000 after buying an additional 8,029 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in WisdomTree U.S. Quality Growth Fund by 466.7% in the 2nd quarter. MML Investors Services LLC now owns 88,004 shares of the company’s stock valued at $4,625,000 after buying an additional 72,475 shares during the last quarter.

WisdomTree U.S. Quality Growth Fund Price Performance

QGRW stock traded up $0.94 during trading hours on Monday, reaching $68.63. The stock had a trading volume of 197,091 shares, compared to its average volume of 364,677. The stock has a market capitalization of $2.55 billion, a PE ratio of 36.83 and a beta of 1.29. The stock has a 50-day simple moving average of $60.50 and a 200 day simple moving average of $58.89. WisdomTree U.S. Quality Growth Fund has a fifty-two week low of $48.98 and a fifty-two week high of $68.84.

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.