WisdomTree Target Range Fund (NASDAQ:GTR) Sees Significant Drop in Short Interest

Key Points

• The WisdomTree Target Range Fund (NASDAQ:GTR) experienced a significant 60.0% drop in short interest in August, with only 1,200 shares sold short as of August 31st.
• The fund's quarterly dividend was recently increased to $0.145 per share, resulting in an annualized dividend of $0.58 and a yield of 2.3%.
• Valmark Advisers Inc. has raised its stake in the WisdomTree Target Range Fund by 2.4%, holding approximately 2.2 million shares, making it the 28th largest holding in their portfolio.

WisdomTree Target Range Fund (NASDAQ:GTR - ) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,200 shares, a decrease of 60.0% from the August 15th total of 3,000 shares. Currently, 0.1% of the company's shares are sold short. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company's shares are sold short.

WisdomTree Target Range Fund Trading Down 0.1%

Shares of GTR traded down $0.04 during midday trading on Friday, reaching $25.73. 71 shares of the stock were exchanged, compared to its average volume of 12,142. WisdomTree Target Range Fund has a 52 week low of $21.59 and a 52 week high of $25.83. The company's 50 day moving average is $25.01 and its two-hundred day moving average is $24.04. The company has a market capitalization of $59.94 million, a P/E ratio of 20.13 and a beta of 0.50.

WisdomTree Target Range Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, June 25th. This is a positive change from WisdomTree Target Range Fund's previous quarterly dividend of $0.13.

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 position in shares of WisdomTree Target Range Fund (NASDAQ:GTR - Free Report) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,183,141 shares of the company's stock after buying an additional 51,590 shares during the quarter. WisdomTree Target Range Fund makes up 0.7% of Valmark Advisers Inc.'s holdings, making the stock its 28th largest holding. Valmark Advisers Inc. owned about 93.70% of WisdomTree Target Range Fund worth $53,421,000 at the end of the most recent quarter.

About WisdomTree Target Range Fund

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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