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

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 - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 209,400 shares, an increase of 186.5% from the August 15th total of 73,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 686,700 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 686,700 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

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

A number of institutional investors have recently added to or reduced their stakes in DGRW. Bfsg LLC purchased a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the first quarter worth about $25,000. SouthState Corp purchased a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the first quarter worth about $27,000. AlphaCore Capital LLC purchased a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the first quarter worth about $31,000. Mpwm Advisory Solutions LLC purchased a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the fourth quarter worth about $32,000. Finally, GHP Investment Advisors Inc. boosted its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 340.0% during the first quarter. GHP Investment Advisors Inc. now owns 440 shares of the company's stock worth $35,000 after buying an additional 340 shares in the last quarter.

WisdomTree U.S. Quality Dividend Growth Fund Trading Up 0.1%

Shares of NASDAQ:DGRW traded up $0.13 during midday trading on Thursday, hitting $88.97. The stock had a trading volume of 328,632 shares, compared to its average volume of 677,219. The company has a market capitalization of $16.73 billion, a PE ratio of 22.10 and a beta of 0.88. WisdomTree U.S. Quality Dividend Growth Fund has a 1 year low of $69.84 and a 1 year high of $89.32. The stock has a 50 day moving average price of $86.58 and a two-hundred day moving average price of $82.15.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

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

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.