WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) Sees Large Growth in Short Interest

WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 9,397 shares, a growth of 302.3% from the June 30th total of 2,336 shares. Based on an average daily trading volume, of 10,612 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

WisdomTree Emerging Markets Multifactor Fund Stock Performance

WisdomTree Emerging Markets Multifactor Fund stock traded down $0.70 during midday trading on Friday, hitting $36.22. 13,530 shares of the company were exchanged, compared to its average volume of 17,424. The business has a fifty day simple moving average of $38.18 and a two-hundred day simple moving average of $35.82. The firm has a market capitalization of $170.23 million, a PE ratio of 12.96 and a beta of 0.58. WisdomTree Emerging Markets Multifactor Fund has a fifty-two week low of $28.40 and a fifty-two week high of $40.96.

Institutional Investors Weigh In On WisdomTree Emerging Markets Multifactor Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gateway Wealth Partners LLC purchased a new position in shares of WisdomTree Emerging Markets Multifactor Fund during the 1st quarter valued at approximately $212,000. Osaic Holdings Inc. boosted its holdings in WisdomTree Emerging Markets Multifactor Fund by 59.3% during the second quarter. Osaic Holdings Inc. now owns 12,678 shares of the company’s stock worth $366,000 after buying an additional 4,718 shares in the last quarter. United Advisor Group LLC boosted its holdings in WisdomTree Emerging Markets Multifactor Fund by 149.3% during the fourth quarter. United Advisor Group LLC now owns 20,985 shares of the company’s stock worth $662,000 after buying an additional 12,568 shares in the last quarter. JPMorgan Chase & Co. grew its position in WisdomTree Emerging Markets Multifactor Fund by 88,254.8% during the third quarter. JPMorgan Chase & Co. now owns 27,390 shares of the company’s stock valued at $838,000 after buying an additional 27,359 shares during the period. Finally, Jane Street Group LLC acquired a new stake in WisdomTree Emerging Markets Multifactor Fund during the fourth quarter valued at $982,000.

WisdomTree Emerging Markets Multifactor Fund Company Profile

The WisdomTree Emerging Markets Multifactor Fund (EMMF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that invests in emerging-market firms that score highly on multiple factors. It may hedge foreign currency exposure EMMF was launched on Aug 10, 2018 and is managed by WisdomTree.