WisdomTree Target Range Fund (NASDAQ:GTR) Short Interest Down 53.3% in July

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 - Get Free Report) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 700 shares, adropof53.3% from the June 30th total of 1,500 shares. Approximately0.0% of the company's stock are short sold. Based on an average daily volume of 4,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 4,000 shares, the short-interest ratio is currently 0.2 days. Approximately0.0% of the company's stock are short sold.

Institutional Trading of WisdomTree Target Range Fund

An institutional investor recently raised its position in WisdomTree Target Range Fund stock. Valmark Advisers Inc. lifted its position in WisdomTree Target Range Fund (NASDAQ:GTR - Free Report) by 2.4% during the 2nd quarter, according to the company in 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 acquiring an additional 51,590 shares during the period. WisdomTree Target Range Fund comprises approximately 0.7% of Valmark Advisers Inc.'s holdings, making the stock its 28th largest position. Valmark Advisers Inc. owned approximately 93.70% of WisdomTree Target Range Fund worth $53,421,000 at the end of the most recent reporting period.

WisdomTree Target Range Fund Stock Performance

Shares of WisdomTree Target Range Fund stock traded down $0.22 during trading hours on Friday, reaching $24.38. The company's stock had a trading volume of 6,703 shares, compared to its average volume of 13,623. The stock has a market cap of $56.81 million, a P/E ratio of 20.13 and a beta of 0.50. The company's 50 day simple moving average is $24.40 and its 200 day simple moving average is $23.82. WisdomTree Target Range Fund has a one year low of $21.59 and a one year high of $25.64.

WisdomTree Target Range Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.145 per share. This is a positive change from WisdomTree Target Range Fund's previous quarterly dividend of $0.13. The ex-dividend date was Wednesday, June 25th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.4%.

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.