WisdomTree Target Range Fund (NASDAQ:GTR) Sees Significant Increase in Short Interest

WisdomTree Target Range Fund (NASDAQ:GTR) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 3,100 shares, an increase of 6.9% from the May 31st total of 2,900 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 0.5 days.

WisdomTree Target Range Fund Stock Performance

Shares of NASDAQ GTR traded up $0.07 during mid-day trading on Wednesday, reaching $23.94. The company had a trading volume of 1,861 shares, compared to its average volume of 6,159. The company has a market capitalization of $63.44 million, a price-to-earnings ratio of 1.57 and a beta of 0.50. The stock has a fifty day moving average of $23.74 and a two-hundred day moving average of $23.32. WisdomTree Target Range Fund has a 12-month low of $20.52 and a 12-month high of $24.07.

WisdomTree Target Range Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 27th. Shareholders of record on Tuesday, June 25th were paid a $0.18 dividend. The ex-dividend date was Tuesday, June 25th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WisdomTree Target Range Fund stock. International Assets Investment Management LLC bought a new position in shares of WisdomTree Target Range Fund (NASDAQ:GTR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,835 shares of the company’s stock, valued at approximately $433,000. International Assets Investment Management LLC owned about 0.68% of WisdomTree Target Range Fund at the end of the most recent reporting period.

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.