WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Sees Significant Growth in Short Interest

Key Points

• Short interest surged 188% to 187,460 shares as of September 30, up from 65,094 shares two weeks earlier. Despite the increase, short interest represents only about 0.1% of shares outstanding, with a days-to-cover ratio of 0.4.
• Several institutional investors increased their DGRW positions, including Focus Partners Wealth, Fifth Third Bancorp, and Rockefeller Capital Management; two family offices also initiated new stakes.
• DGRW opened at $98.86, near its 52-week high of $100.59, with a $17.12 billion market capitalization and a beta of 0.81. 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 recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 187,460 shares, an increase of 188.0% from the September 15th total of 65,094 shares. Based on an average daily volume of 438,379 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

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

Institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth lifted its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 3,151.0% in the fourth quarter. Focus Partners Wealth now owns 1,358,683 shares of the company's stock worth $121,507,000 after buying an additional 1,316,890 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 12,667.4% in the first quarter. Fifth Third Bancorp now owns 856,692 shares of the company's stock valued at $75,252,000 after acquiring an additional 849,982 shares during the period. Rockefeller Capital Management L.P. grew its stake in WisdomTree U.S. Quality Dividend Growth Fund by 53.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,117,448 shares of the company's stock valued at $99,933,000 after acquiring an additional 390,882 shares in the last quarter. Stenger Family Office LLC purchased a new position in WisdomTree U.S. Quality Dividend Growth Fund during the first quarter valued at approximately $26,978,000. Finally, Cvfg LLC purchased a new position in WisdomTree U.S. Quality Dividend Growth Fund during the first quarter valued at approximately $23,387,000.

WisdomTree U.S. Quality Dividend Growth Fund Price Performance

NASDAQ DGRW opened at $98.86 on Monday. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 22.10 and a beta of 0.81. WisdomTree U.S. Quality Dividend Growth Fund has a one year low of $85.37 and a one year high of $100.59. The business's fifty day moving average is $98.90 and its 200-day moving average is $95.97.

About WisdomTree U.S. Quality Dividend Growth Fund

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.

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