Short Interest in WisdomTree Target Range Fund (NASDAQ:GTR) Drops By 43.5%

WisdomTree Target Range Fund (NASDAQ:GTR) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,741 shares, a drop of 43.5% from the May 31st total of 8,398 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 5,452 shares, the days-to-cover ratio is presently 0.9 days.

WisdomTree Target Range Fund Price Performance

Shares of NASDAQ:GTR opened at $27.02 on Friday. The company has a market capitalization of $68.90 million, a PE ratio of 20.13 and a beta of 0.59. The business has a fifty day moving average price of $26.94 and a two-hundred day moving average price of $26.12. WisdomTree Target Range Fund has a 1 year low of $24.35 and a 1 year high of $27.44.

Hedge Funds Weigh In On WisdomTree Target Range Fund

A hedge fund recently bought a new position in WisdomTree Target Range Fund stock. Kestra Advisory Services LLC purchased a new position in shares of WisdomTree Target Range Fund (NASDAQ:GTR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,304 shares of the company’s stock, valued at approximately $58,000. Kestra Advisory Services LLC owned about 0.10% of WisdomTree Target Range Fund as of its most recent SEC filing.

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.