Short Interest in WisdomTree Target Range Fund (NASDAQ:GTR) Rises By 400.0%

Key Points

• Short interest in the WisdomTree Target Range Fund (NASDAQ:GTR) surged by 400.0% in August, rising from 600 shares to 3,000 shares, resulting in a days-to-cover ratio of 0.8 days based on an average trading volume of 3,800 shares.
• Valmark Advisers Inc. increased its position in the fund by 2.4% in the second quarter, owning approximately 93.70% of GTR at the end of the reporting period.
• The fund announced a dividend increase from $0.13 to $0.145 per share, resulting in an annualized dividend of $0.58 and a yield of 2.3%.

WisdomTree Target Range Fund (NASDAQ:GTR - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,000 shares, anincreaseof400.0% from the July 31st total of 600 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 0.8 days.

WisdomTree Target Range Fund Stock Performance

GTR traded up $0.11 during trading hours on Monday, reaching $25.54. The company's stock had a trading volume of 3,158 shares, compared to its average volume of 12,396. WisdomTree Target Range Fund has a 52 week low of $21.59 and a 52 week high of $25.64. The company's 50-day moving average is $24.90 and its 200-day moving average is $23.99. The firm has a market cap of $59.51 million, a PE ratio of 20.13 and a beta of 0.50.

WisdomTree Target Range Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 25th were paid a $0.145 dividend. This is a boost 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 yield of 2.3%.

Institutional Investors Weigh In On WisdomTree Target Range Fund

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

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.