WisdomTree Target Range Fund (NASDAQ:GTR) Short Interest Update
by Doug Wharley · The Cerbat GemWisdomTree Target Range Fund (NASDAQ:GTR – Get Free Report) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 12,325 shares, a growth of 461.0% from the January 15th total of 2,197 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 3,882 shares, the short-interest ratio is presently 3.2 days. Based on an average trading volume of 3,882 shares, the short-interest ratio is presently 3.2 days. Approximately 0.5% of the shares of the company are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in WisdomTree Target Range Fund stock. Valmark Advisers Inc. increased its stake in shares of WisdomTree Target Range Fund (NASDAQ:GTR – Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,232,564 shares of the company’s stock after purchasing an additional 10,507 shares during the quarter. Valmark Advisers Inc. owned approximately 92.25% of WisdomTree Target Range Fund worth $56,341,000 as of its most recent SEC filing.
WisdomTree Target Range Fund Trading Up 0.1%
Shares of GTR traded up $0.03 during trading hours on Tuesday, reaching $26.16. 1,775 shares of the stock traded hands, compared to its average volume of 5,751. The company has a market cap of $63.31 million, a P/E ratio of 20.13 and a beta of 0.60. The company’s 50-day moving average price is $25.74 and its two-hundred day moving average price is $25.66. WisdomTree Target Range Fund has a 52-week low of $21.59 and a 52-week high of $26.36.
WisdomTree Target Range Fund Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, December 10th were issued a dividend of $0.8466 per share. The ex-dividend date was Wednesday, December 10th. This represents a $3.39 annualized dividend and a yield of 12.9%. This is a boost from WisdomTree Target Range Fund’s previous quarterly dividend of $0.15.
About WisdomTree Target Range Fund
The WisdomTree Target Range Fund (GTR) is an exchange-traded fund that is based on the TOPS Global Equity Target Range index. The fund is an actively managed fund-of-funds that provides exposure to stocks from around the world while managing risk through a cash-secured call spread strategy. GTR was launched on Oct 7, 2021 and is managed by WisdomTree.