Short Interest in WisdomTree Target Range Fund (NASDAQ:GTR) Expands By 91.7%

Key Points

• Short interest in the WisdomTree Target Range Fund (NASDAQ:GTR) surged by 91.7% from August to September, reaching 2,300 shares as of September 15th.
• The fund's stock opened at $26.07, with a recent 12-month high of $26.16 and a 12-month low of $21.59.
• Valmark Advisers Inc. increased its stake in the fund by 2.4%, owning around 93.70% of the WisdomTree Target Range Fund, valued at approximately $53.4 million.

WisdomTree Target Range Fund (NASDAQ:GTR - ) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,300 shares, a growth of 91.7% from the August 31st total of 1,200 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 0.6 days.

WisdomTree Target Range Fund Stock Up 0.5%

Shares of NASDAQ:GTR opened at $26.07 on Friday. The company's fifty day moving average is $25.35 and its two-hundred day moving average is $24.28. The company has a market cap of $61.25 million, a P/E ratio of 20.13 and a beta of 0.50. WisdomTree Target Range Fund has a 12-month low of $21.59 and a 12-month high of $26.16.

Hedge Funds Weigh In On WisdomTree Target Range Fund

A hedge fund recently raised its stake in WisdomTree Target Range Fund stock. Valmark Advisers Inc. lifted its stake in WisdomTree Target Range Fund (NASDAQ:GTR - Free Report) by 2.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,183,141 shares of the company's stock after purchasing an additional 51,590 shares during the quarter. WisdomTree Target Range Fund accounts for 0.7% of Valmark Advisers Inc.'s portfolio, making the stock its 28th largest position. Valmark Advisers Inc. owned about 93.70% of WisdomTree Target Range Fund worth $53,421,000 as of its most recent SEC filing.

WisdomTree Target Range Fund Company Profile

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.

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