WisdomTree International Equity Fund (NYSEARCA:DWM) Sees Large Growth in Short Interest
by Doug Wharley · The Cerbat GemWisdomTree International Equity Fund (NYSEARCA:DWM – Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 13,883 shares, an increase of 40.9% from the March 15th total of 9,855 shares. Based on an average daily volume of 14,804 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the shares of the company are short sold.
WisdomTree International Equity Fund Trading Down 0.3%
Shares of NYSEARCA DWM traded down $0.25 during trading on Thursday, reaching $73.56. 16,100 shares of the company traded hands, compared to its average volume of 17,480. The firm’s fifty day simple moving average is $72.20 and its 200 day simple moving average is $69.59. The stock has a market cap of $676.74 million, a P/E ratio of 13.53 and a beta of 0.68. WisdomTree International Equity Fund has a 12-month low of $57.51 and a 12-month high of $76.34.
Institutional Investors Weigh In On WisdomTree International Equity Fund
Several hedge funds have recently modified their holdings of DWM. Empowered Funds LLC purchased a new position in shares of WisdomTree International Equity Fund during the 4th quarter worth $33,000. Integrated Wealth Concepts LLC purchased a new stake in shares of WisdomTree International Equity Fund in the 3rd quarter valued at approximately $67,000. Advisory Services Network LLC purchased a new stake in shares of WisdomTree International Equity Fund in the 3rd quarter valued at approximately $79,000. American Trust acquired a new position in shares of WisdomTree International Equity Fund in the 3rd quarter worth approximately $204,000. Finally, NBC Securities Inc. boosted its position in shares of WisdomTree International Equity Fund by 5.8% during the 4th quarter. NBC Securities Inc. now owns 2,975 shares of the company’s stock worth $205,000 after purchasing an additional 164 shares during the period. 67.46% of the stock is owned by hedge funds and other institutional investors.
About WisdomTree International Equity Fund
The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.