Short Interest in WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Drops By 54.6%

Key Points

• Short interest in DGRW fell 54.6% to 22,258 shares as of August 31, down from 48,994 shares on August 15. Short interest represents 0.0% of shares outstanding, with a days-to-cover ratio of 0.1.
• Several institutional investors increased their holdings, including Evolution Wealth Management, which raised its position by 65.2%, and Axxcess Wealth Management, which boosted its stake by 10.3%.
• DGRW opened at $98.64, near its 12-month high of $100.59, and has a market capitalization of $17.07 billion. The ETF invests primarily in large- and mid-cap U.S. dividend-paying stocks with growth characteristics.

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - ) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 22,258 shares, a decrease of 54.6% from the August 15th total of 48,994 shares. Based on an average daily volume of 442,029 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Institutional Trading of WisdomTree U.S. Quality Dividend Growth Fund

Large investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 65.2% during the fourth quarter. Evolution Wealth Management Inc. now owns 836 shares of the company's stock valued at $75,000 after buying an additional 330 shares during the period. Lido Advisors LLC lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 0.5% during the 4th quarter. Lido Advisors LLC now owns 629,592 shares of the company's stock valued at $56,011,000 after acquiring an additional 3,082 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 0.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 221,196 shares of the company's stock valued at $19,781,000 after acquiring an additional 1,213 shares during the period. Rothschild Investment LLC boosted its stake in WisdomTree U.S. Quality Dividend Growth Fund by 2.8% during the fourth quarter. Rothschild Investment LLC now owns 7,029 shares of the company's stock worth $629,000 after acquiring an additional 191 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in WisdomTree U.S. Quality Dividend Growth Fund by 10.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 11,981 shares of the company's stock worth $1,071,000 after acquiring an additional 1,120 shares in the last quarter.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

NASDAQ:DGRW opened at $98.64 on Monday. The company has a 50-day moving average price of $98.03 and a 200-day moving average price of $94.92. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 22.10 and a beta of 0.82. WisdomTree U.S. Quality Dividend Growth Fund has a 12 month low of $85.37 and a 12 month high of $100.59.

WisdomTree U.S. Quality Dividend Growth Fund Company Profile

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.