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

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) saw a large increase in short interest in 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 days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 0.8 days.

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 stake in shares of WisdomTree Target Range Fund (NASDAQ:GTR - Free Report) by 2.4% in the second quarter, according to the company in its most recent disclosure with the SEC. 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 approximately 0.7% of Valmark Advisers Inc.'s portfolio, making the stock its 28th biggest position. Valmark Advisers Inc. owned 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 Up 0.0%

NASDAQ GTR traded up $0.01 during trading on Friday, hitting $25.37. The stock had a trading volume of 818 shares, compared to its average volume of 12,451. The company has a market capitalization of $59.11 million, a PE ratio of 20.13 and a beta of 0.50. The firm has a 50 day moving average price of $24.90 and a 200 day moving average price of $23.99. WisdomTree Target Range Fund has a twelve month low of $21.59 and a twelve month high of $25.64.

WisdomTree Target Range Fund Increases Dividend

The business also recently disclosed 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 is a boost from WisdomTree Target Range Fund's previous quarterly dividend of $0.13. 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.

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.