WisdomTree International Equity Fund (NYSEARCA:DWM) Shares Shorted: Short Interest Down 69.9% in October

WisdomTree International Equity Fund (NYSEARCA:DWM) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,098 shares, a drop of 69.9% from the September 30th total of 10,293 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 11,021 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in WisdomTree International Equity Fund by 0.8% in the first quarter. Royal Bank of Canada now owns 17,177 shares of the company’s stock worth $1,200,000 after acquiring an additional 141 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of WisdomTree International Equity Fund by 0.7% during the first quarter. Geneos Wealth Management Inc. now owns 26,528 shares of the company’s stock valued at $1,854,000 after acquiring an additional 184 shares during the period. Allworth Financial LP lifted its position in WisdomTree International Equity Fund by 48.3% in the second quarter. Allworth Financial LP now owns 1,228 shares of the company’s stock worth $90,000 after purchasing an additional 400 shares during the period. NewEdge Advisors LLC lifted its position in WisdomTree International Equity Fund by 8.7% in the first quarter. NewEdge Advisors LLC now owns 5,569 shares of the company’s stock worth $389,000 after purchasing an additional 445 shares during the period. Finally, Private Advisor Group LLC raised its position in WisdomTree International Equity Fund by 12.0% in the first quarter. Private Advisor Group LLC now owns 5,832 shares of the company’s stock worth $408,000 after acquiring an additional 624 shares in the last quarter. 67.46% of the stock is owned by institutional investors and hedge funds.

WisdomTree International Equity Fund Stock Performance

Shares of NYSEARCA:DWM traded up $0.49 during trading on Thursday, reaching $73.57. 10,468 shares of the stock were exchanged, compared to its average volume of 13,442. WisdomTree International Equity Fund has a 12-month low of $64.58 and a 12-month high of $84.37. The firm has a market cap of $654.77 million, a price-to-earnings ratio of 13.53 and a beta of 0.67. The firm’s 50-day moving average price is $74.41 and its 200 day moving average price is $73.49.

About WisdomTree International Equity Fund

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.