WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Short Interest Up 186.5% in August

Key Points

• Short interest in the WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) rose by 186.5% in August, reaching a total of 209,400 shares by the end of the month.
• Investors recently received a dividend increase to $0.175 per share, up from the previous $0.09, reflecting positive growth in dividend payouts.
• Hedge funds have increasingly shown interest, with significant new investments and acquisitions in the fund, underscoring expanding confidence among institutional investors.

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - ) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 209,400 shares, a growth of 186.5% from the August 15th total of 73,100 shares. Based on an average daily trading volume, of 686,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 686,700 shares, the short-interest ratio is presently 0.3 days.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

DGRW opened at $88.56 on Friday. The company has a market capitalization of $16.65 billion, a PE ratio of 22.10 and a beta of 0.88. The stock's fifty day moving average is $86.35 and its 200-day moving average is $82.03. WisdomTree U.S. Quality Dividend Growth Fund has a one year low of $69.84 and a one year high of $88.98.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 25th were issued a $0.175 dividend. The ex-dividend date was Wednesday, June 25th. This is a positive change from WisdomTree U.S. Quality Dividend Growth Fund's previous dividend of $0.09.

Hedge Funds Weigh In On WisdomTree U.S. Quality Dividend Growth Fund

Hedge funds have recently modified their holdings of the stock. Bfsg LLC acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 1st quarter worth $25,000. SouthState Corp acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 1st quarter worth $27,000. AlphaCore Capital LLC acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 1st quarter worth $31,000. Mpwm Advisory Solutions LLC acquired a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 4th quarter worth $32,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 340.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 440 shares of the company's stock worth $35,000 after acquiring an additional 340 shares during the last quarter.

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.

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