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

Key Points

• Short interest surged: short interest in WisdomTree Target Range Fund (NASDAQ:GTR) rose 459.3% in April to 14,759 shares (about 0.6% of shares) with a days-to-cover of 2.1 based on average daily volume.
• Price and metrics: GTR traded up $0.13 to $26.43, sits in a 12‑month range of $22.89–$26.50, and has a market cap of $68.18M, a P/E of 20.13, and a beta of 0.60 (50‑day/200‑day MAs ~$25.68/$25.78).
• Institutional activity and fund profile: Kestra Advisory Services LLC bought 2,304 shares (~$58,000), owning about 0.10% at quarter-end; GTR is an actively managed WisdomTree ETF (launched Oct 7, 2021) using a cash‑secured call spread strategy for global equity exposure.

WisdomTree Target Range Fund (NASDAQ:GTR - ) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 14,759 shares, an increase of 459.3% from the March 31st total of 2,639 shares. Based on an average daily volume of 6,934 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.6% of the shares of the company are short sold.

WisdomTree Target Range Fund Stock Up 0.5%

GTR traded up $0.13 during trading on Friday, reaching $26.43. 162 shares of the company were exchanged, compared to its average volume of 5,866. WisdomTree Target Range Fund has a 12-month low of $22.89 and a 12-month high of $26.50. The company's 50-day moving average is $25.68 and its two-hundred day moving average is $25.78. The company has a market cap of $68.18 million, a price-to-earnings ratio of 20.13 and a beta of 0.60.

Hedge Funds Weigh In On WisdomTree Target Range Fund

An institutional investor recently bought a new position in WisdomTree Target Range Fund stock. Kestra Advisory Services LLC bought a new position in shares of WisdomTree Target Range Fund (NASDAQ:GTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,304 shares of the company's stock, valued at approximately $58,000. Kestra Advisory Services LLC owned 0.10% of WisdomTree Target Range Fund at the end of the most recent quarter.

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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