Short Interest in WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Drops By 67.5%

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 39,028 shares, a decrease of 67.5% from the July 30th total of 120,149 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 221,299 shares, the days-to-cover ratio is currently 0.2 days.

WisdomTree U.S. Quality Growth Fund Stock Down 0.5%

NYSEARCA QGRW traded down $0.32 during trading hours on Friday, hitting $67.67. The company had a trading volume of 140,356 shares, compared to its average volume of 321,268. WisdomTree U.S. Quality Growth Fund has a fifty-two week low of $50.94 and a fifty-two week high of $69.00. The business has a fifty day simple moving average of $65.96 and a 200-day simple moving average of $62.16. The firm has a market cap of $2.86 billion, a P/E ratio of 36.83 and a beta of 1.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new stake in shares of WisdomTree U.S. Quality Growth Fund during the second quarter valued at approximately $63,000. Markowski Investments bought a new position in WisdomTree U.S. Quality Growth Fund in the 2nd quarter worth approximately $101,000. Hopwood Nicholas Hunter bought a new position in WisdomTree U.S. Quality Growth Fund in the 2nd quarter worth approximately $948,000. ZEGA Investments LLC increased its position in WisdomTree U.S. Quality Growth Fund by 8.6% in the 2nd quarter. ZEGA Investments LLC now owns 5,694 shares of the company’s stock valued at $376,000 after acquiring an additional 451 shares during the period. Finally, Legacy Financial Advisors Inc. increased its position in WisdomTree U.S. Quality Growth Fund by 1.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 336,730 shares of the company’s stock valued at $22,234,000 after acquiring an additional 3,388 shares during the period.

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.