Short Interest in WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Rises By 85.7%

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 373,100 shares, an increase of 85.7% from the April 30th total of 200,900 shares. Currently, 0.2% of the company's shares are short sold. Based on an average daily trading volume, of 726,300 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of WisdomTree U.S. Quality Dividend Growth Fund

Several large investors have recently added to or reduced their stakes in DGRW. Tradition Wealth Management LLC grew its stake in WisdomTree U.S. Quality Dividend Growth Fund by 5.1% in the 1st quarter. Tradition Wealth Management LLC now owns 2,678 shares of the company's stock valued at $214,000 after buying an additional 129 shares during the last quarter. NewSquare Capital LLC grew its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 0.9% in the first quarter. NewSquare Capital LLC now owns 14,070 shares of the company's stock valued at $1,124,000 after purchasing an additional 132 shares during the last quarter. Quartz Partners LLC increased its stake in shares of WisdomTree U.S. Quality Dividend Growth Fund by 1.1% in the fourth quarter. Quartz Partners LLC now owns 13,301 shares of the company's stock worth $1,076,000 after purchasing an additional 144 shares during the period. Verum Partners LLC lifted its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 1.5% during the 1st quarter. Verum Partners LLC now owns 9,663 shares of the company's stock worth $772,000 after purchasing an additional 145 shares during the last quarter. Finally, Silverlake Wealth Management LLC boosted its stake in WisdomTree U.S. Quality Dividend Growth Fund by 1.0% during the 1st quarter. Silverlake Wealth Management LLC now owns 14,169 shares of the company's stock valued at $1,131,000 after purchasing an additional 145 shares during the period.

WisdomTree U.S. Quality Dividend Growth Fund Price Performance

DGRW traded up $0.23 on Monday, reaching $81.05. 536,791 shares of the company traded hands, compared to its average volume of 596,241. The stock's 50 day moving average price is $77.96 and its 200-day moving average price is $80.97. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 22.19 and a beta of 0.88. WisdomTree U.S. Quality Dividend Growth Fund has a 52-week low of $69.84 and a 52-week high of $85.89.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, May 27th.

About WisdomTree U.S. Quality Dividend Growth Fund

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.