WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Sees Large Growth in Short Interest

Key Points

• Short interest jumped 180.4% in March to 305,001 shares as of March 31, equal to roughly 0.2% of shares outstanding and a days-to-cover ratio of just 0.2 days based on average volume.
• Shares traded down 0.4% to $90.41 in the latest session, with a one-year range of $72.93–$94.01; the fund has a market capitalization of $15.83 billion and a P/E of 22.10.
• Several large institutions materially increased positions recently, including Focus Partners Wealth (up 3,151% to ~1.36M shares), Lido Advisors (up 8,977.2% to ~626.5K shares), Bank of America, Ameriprise, and Rockefeller Capital Management.

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - ) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 305,001 shares, an increase of 180.4% from the March 15th total of 108,791 shares. Based on an average trading volume of 1,675,780 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company's stock are sold short.

WisdomTree U.S. Quality Dividend Growth Fund Trading Down 0.4%

Shares of WisdomTree U.S. Quality Dividend Growth Fund stock traded down $0.37 on Friday, reaching $90.41. 386,828 shares of the company were exchanged, compared to its average volume of 1,137,087. WisdomTree U.S. Quality Dividend Growth Fund has a one year low of $72.93 and a one year high of $94.01. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 22.10 and a beta of 0.83. The company has a 50-day moving average of $90.69 and a 200 day moving average of $89.93.

Institutional Investors Weigh In On WisdomTree U.S. Quality Dividend Growth Fund

A number of large investors have recently added to or reduced their stakes in DGRW. Focus Partners Wealth raised its stake in WisdomTree U.S. Quality Dividend Growth Fund by 3,151.0% in the 4th quarter. Focus Partners Wealth now owns 1,358,683 shares of the company's stock valued at $121,507,000 after acquiring an additional 1,316,890 shares during the period. Lido Advisors LLC increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 8,977.2% during the 3rd quarter. Lido Advisors LLC now owns 626,510 shares of the company's stock worth $55,734,000 after buying an additional 619,608 shares during the period. Bank of America Corp DE increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 5.0% during the 2nd quarter. Bank of America Corp DE now owns 12,422,037 shares of the company's stock worth $1,040,221,000 after buying an additional 590,243 shares during the period. Ameriprise Financial Inc. increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 8.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,940,040 shares of the company's stock worth $581,078,000 after buying an additional 511,398 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 53.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,117,448 shares of the company's stock worth $99,933,000 after buying an additional 390,882 shares during the period.

WisdomTree U.S. Quality Dividend Growth Fund Company Profile

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.

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