WisdomTree International Equity Fund (NYSEARCA:DWM) Sees Large Decline in Short Interest

WisdomTree International Equity Fund (NYSEARCA:DWM) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,098 shares, a drop of 69.9% from the September 30th total of 10,293 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 11,021 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On WisdomTree International Equity Fund

A number of hedge funds have recently added to or reduced their stakes in DWM. Curry Webb Wealth Management LLC acquired a new position in WisdomTree International Equity Fund during the third quarter worth $71,000. Allworth Financial LP increased its holdings in WisdomTree International Equity Fund by 48.3% in the 2nd quarter. Allworth Financial LP now owns 1,228 shares of the company’s stock valued at $90,000 after buying an additional 400 shares during the period. Integrated Wealth Concepts LLC bought a new stake in WisdomTree International Equity Fund in the 2nd quarter valued at $103,000. Mather Group LLC. acquired a new position in shares of WisdomTree International Equity Fund in the 3rd quarter valued at $125,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of WisdomTree International Equity Fund in the 3rd quarter valued at $222,000. Institutional investors and hedge funds own 67.46% of the company’s stock.

WisdomTree International Equity Fund Stock Performance

Shares of NYSEARCA:DWM traded down $0.34 during midday trading on Friday, hitting $73.23. 9,794 shares of the stock were exchanged, compared to its average volume of 13,423. WisdomTree International Equity Fund has a 52-week low of $64.58 and a 52-week high of $84.37. The business’s fifty day simple moving average is $74.41 and its two-hundred day simple moving average is $73.49. The company has a market capitalization of $651.75 million, a PE ratio of 13.53 and a beta of 0.67.

About WisdomTree International Equity Fund

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.