WisdomTree International Equity Fund (NYSEARCA:DWM) Sees Large Decrease in Short Interest

WisdomTree International Equity Fund (NYSEARCA:DWM) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 22,319 shares, a drop of 40.5% from the July 30th total of 37,514 shares. Based on an average daily volume of 7,196 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.2% of the shares of the company are sold short.

WisdomTree International Equity Fund Price Performance

DWM stock traded down $0.18 during midday trading on Monday, reaching $76.17. 3,919 shares of the company were exchanged, compared to its average volume of 14,324. WisdomTree International Equity Fund has a one year low of $64.55 and a one year high of $84.37. The firm has a market capitalization of $689.34 million, a price-to-earnings ratio of 13.53 and a beta of 0.66. The business has a 50-day moving average price of $74.78 and a two-hundred day moving average price of $73.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. MML Investors Services LLC acquired a new stake in WisdomTree International Equity Fund in the 4th quarter worth about $6,129,000. Wells Fargo & Company MN grew its position in shares of WisdomTree International Equity Fund by 19.7% during the 4th quarter. Wells Fargo & Company MN now owns 402,918 shares of the company’s stock worth $27,705,000 after purchasing an additional 66,308 shares in the last quarter. Phillip James Consulting Co. bought a new position in shares of WisdomTree International Equity Fund during the first quarter worth approximately $2,605,000. TopTier Wealth Management LLC bought a new position in shares of WisdomTree International Equity Fund during the fourth quarter worth approximately $2,216,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of WisdomTree International Equity Fund in the first quarter valued at approximately $2,090,000. Institutional investors and hedge funds own 67.46% of the company’s stock.

WisdomTree International Equity Fund Company Profile

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.