WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Short Interest Update

Key Points

• The short interest for the WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) surged by 900% in July, reaching a total of 289,000 shares as of July 31st.
• The fund recently cut its dividend, paying stockholders $0.05 per share on July 30th, following an ex-dividend date on July 28th.
• Despite the rise in short interest, the fund's stock decreased by 0.5% to $87.08, with a market capitalization of $16.38 billion.

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 289,000 shares, agrowthof900.0% from the July 15th total of 28,900 shares. Approximately0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 627,600 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 627,600 shares, the short-interest ratio is presently 0.5 days. Approximately0.2% of the shares of the stock are sold short.

WisdomTree U.S. Quality Dividend Growth Fund Price Performance

NASDAQ DGRW traded up $0.05 on Monday, reaching $87.12. The company had a trading volume of 88,689 shares, compared to its average volume of 663,374. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 22.10 and a beta of 0.88. The business has a 50 day moving average of $84.51 and a two-hundred day moving average of $81.45. WisdomTree U.S. Quality Dividend Growth Fund has a fifty-two week low of $69.84 and a fifty-two week high of $87.50.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 30th. Investors of record on Monday, July 28th were issued a $0.05 dividend. The ex-dividend date was Monday, July 28th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bfsg LLC purchased a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 1st quarter worth approximately $25,000. SouthState Corp purchased a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 1st quarter worth approximately $27,000. AlphaCore Capital LLC purchased a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 1st quarter worth approximately $31,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund during the 4th quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of WisdomTree U.S. Quality Dividend Growth Fund by 340.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 440 shares of the company's stock worth $35,000 after purchasing 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.