WisdomTree U.S. Multifactor Fund (BATS:USMF) Shares Shorted: Short Interest Down 48.2% in October

WisdomTree U.S. Multifactor Fund (BATS:USMF) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 4,753 shares, a decrease of 48.2% from the September 30th total of 9,171 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,589 shares, the short-interest ratio is currently 0.2 days.

WisdomTree U.S. Multifactor Fund Price Performance

BATS:USMF opened at $51.32 on Monday. The company has a market cap of $409.53 million, a P/E ratio of 18.84 and a beta of 0.83. The business has a 50 day moving average price of $52.56 and a two-hundred day moving average price of $52.12. WisdomTree U.S. Multifactor Fund has a twelve month low of $48.40 and a twelve month high of $54.67.

Institutional Investors Weigh In On WisdomTree U.S. Multifactor Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Walled Lake Planning & Wealth Management LLC acquired a new stake in shares of WisdomTree U.S. Multifactor Fund during the 1st quarter worth approximately $17,683,000. WealthPoint Financial LLC raised its position in shares of WisdomTree U.S. Multifactor Fund by 7.7% during the 1st quarter. WealthPoint Financial LLC now owns 20,266 shares of the company’s stock worth $1,001,000 after purchasing an additional 1,456 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in WisdomTree U.S. Multifactor Fund by 39.3% during the second quarter. Envestnet Asset Management Inc. now owns 16,594 shares of the company’s stock worth $900,000 after acquiring an additional 4,679 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in WisdomTree U.S. Multifactor Fund by 76.1% during the 1st quarter. Kestra Advisory Services LLC now owns 13,340 shares of the company’s stock worth $659,000 after acquiring an additional 5,765 shares in the last quarter. Finally, BIP Wealth LLC grew its holdings in WisdomTree U.S. Multifactor Fund by 53.3% in the 1st quarter. BIP Wealth LLC now owns 7,937 shares of the company’s stock worth $392,000 after buying an additional 2,761 shares in the last quarter.

About WisdomTree U.S. Multifactor Fund

The WisdomTree U.S. Multifactor Fund (USMF) is an exchange-traded fund that is based on the WisdomTree U.S. Multifactor index. The fund tracks an index of 200 US-listed equities. Stocks are selected and weighted by a combination of investment factors. USMF was launched on Jun 29, 2017 and is managed by WisdomTree.