Short Interest in WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Grows By 84.2%

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 120,149 shares, an increase of 84.2% from the July 15th total of 65,228 shares. Based on an average daily volume of 259,586 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

WisdomTree U.S. Quality Growth Fund Stock Performance

NYSEARCA:QGRW traded down $0.43 during mid-day trading on Monday, hitting $67.99. The company had a trading volume of 109,612 shares, compared to its average volume of 326,462. The business’s fifty day moving average is $65.59 and its two-hundred day moving average is $61.56. The firm has a market cap of $2.87 billion, a P/E ratio of 36.83 and a beta of 1.32. WisdomTree U.S. Quality Growth Fund has a fifty-two week low of $50.94 and a fifty-two week high of $69.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada bought a new position in shares of WisdomTree U.S. Quality Growth Fund during the 1st quarter worth approximately $814,000. Jane Street Group LLC bought a new position in shares of WisdomTree U.S. Quality Growth Fund in the 1st quarter valued at about $533,000. JPMorgan Chase & Co. increased its position in WisdomTree U.S. Quality Growth Fund by 8.1% during the second quarter. JPMorgan Chase & Co. now owns 2,605 shares of the company’s stock worth $137,000 after buying an additional 195 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of WisdomTree U.S. Quality Growth Fund by 7.0% during the 2nd quarter. Bank of America Corp DE now owns 638,317 shares of the company’s stock worth $33,544,000 after acquiring an additional 41,521 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its stake in WisdomTree U.S. Quality Growth Fund by 2.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 17,801 shares of the company’s stock valued at $935,000 after buying an additional 363 shares during the last quarter.

About WisdomTree U.S. Quality Growth Fund

The Wisdomtree U.S. Quality Growth Fund (QGRW) is an exchange-traded fund that is based on the WisdomTree U.S. Quality Growth index. The fund tracks a market cap-weighted index of 100 large-cap growth companies in the US that exhibit the strongest quality characteristics relative to their peers. QGRW was launched on Dec 15, 2022 and is managed by WisdomTree.