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

Key Points

• Short interest in DGRS surged 84.5% to 14,303 shares as of August 14, up from 7,751 shares on July 30. Despite the increase, short interest represents only about 0.2% of shares outstanding, with a short-interest ratio of 0.4 days.
• Several institutional investors increased their positions, including Harbor Investment Advisory, which raised its holdings by 23.3%, and Arkadios Wealth Advisors, which increased its stake by 17.7%. Compass Financial Management also established a new position during the second quarter.
• DGRS shares recently traded at $59.70, near the $59.80 50-day moving average and below the 52-week high of $61.89. The ETF has a market capitalization of approximately $403.6 million and tracks dividend-focused U.S. small-cap growth stocks.

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (NASDAQ:DGRS - ) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,303 shares, a growth of 84.5% from the July 30th total of 7,751 shares. Based on an average daily trading volume, of 37,066 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company's stock are short sold.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its holdings in shares of WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 17.7% during the 1st quarter. Arkadios Wealth Advisors now owns 8,233 shares of the company's stock worth $436,000 after buying an additional 1,237 shares during the period. Compass Financial Management LLC acquired a new position in WisdomTree U.S. SmallCap Quality Dividend Growth Fund during the 2nd quarter worth $479,000. First National Bank Sioux Falls lifted its position in WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 3.1% during the 1st quarter. First National Bank Sioux Falls now owns 9,052 shares of the company's stock worth $501,000 after acquiring an additional 273 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 2.1% during the second quarter. JPMorgan Chase & Co. now owns 14,487 shares of the company's stock valued at $674,000 after acquiring an additional 293 shares during the period. Finally, Harbor Investment Advisory LLC boosted its holdings in WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 23.3% during the first quarter. Harbor Investment Advisory LLC now owns 14,185 shares of the company's stock valued at $751,000 after acquiring an additional 2,683 shares during the period.

WisdomTree U.S. SmallCap Quality Dividend Growth Fund Stock Performance

Shares of NASDAQ DGRS traded down $0.19 during mid-day trading on Friday, reaching $59.70. 8,044 shares of the company traded hands, compared to its average volume of 30,948. The company's fifty day moving average is $59.80 and its two-hundred day moving average is $56.90. WisdomTree U.S. SmallCap Quality Dividend Growth Fund has a fifty-two week low of $46.21 and a fifty-two week high of $61.89. The stock has a market cap of $403.57 million, a PE ratio of 12.34 and a beta of 0.98.

About WisdomTree U.S. SmallCap Quality Dividend Growth Fund

The WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a dividend-weighted index of US small-cap stocks with growth characteristics. DGRS was launched on Jul 25, 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source