WisdomTree Target Range Fund (NASDAQ:GTR) Sees Large Decline in Short Interest

Key Points

• The WisdomTree Target Range Fund (NASDAQ:GTR) experienced a significant decrease in short interest, dropping by 53.3% in July, with only 700 shares reported as short sold as of July 15th.
• An institutional investor, OLD Mission Capital LLC, recently acquired a new position by purchasing 19,344 shares of the fund, valued at approximately $458,000.
• The fund increased its quarterly dividend to $0.145 per share, reflecting a positive change from the previous dividend of $0.13, resulting in an annualized yield of 2.34%.

WisdomTree Target Range Fund (NASDAQ:GTR - ) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 700 shares, a decrease of 53.3% from the June 30th total of 1,500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On WisdomTree Target Range Fund

An institutional investor recently bought a new position in WisdomTree Target Range Fund stock. OLD Mission Capital LLC purchased a new position in shares of WisdomTree Target Range Fund (NASDAQ:GTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,344 shares of the company's stock, valued at approximately $458,000. OLD Mission Capital LLC owned approximately 1.09% of WisdomTree Target Range Fund as of its most recent SEC filing.

WisdomTree Target Range Fund Price Performance

Shares of GTR traded down $0.06 during trading hours on Tuesday, hitting $24.80. The stock had a trading volume of 1,253 shares, compared to its average volume of 13,857. The company's fifty day moving average is $24.34 and its two-hundred day moving average is $23.79. WisdomTree Target Range Fund has a 52 week low of $21.59 and a 52 week high of $25.64. The stock has a market capitalization of $57.78 million, a price-to-earnings ratio of 20.13 and a beta of 0.50.

WisdomTree Target Range Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 25th were issued a $0.145 dividend. This is a positive change from WisdomTree Target Range Fund's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $0.58 annualized dividend and a dividend yield of 2.34%.

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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