WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Short Interest Down 26.1% in March

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 12,866 shares, a decline of 26.1% from the February 26th total of 17,407 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 2,982 shares, the short-interest ratio is currently 4.3 days.

WisdomTree New Economy Real Estate Fund Stock Performance

Shares of WTRE traded down $0.39 during mid-day trading on Friday, hitting $21.19. 592 shares of the company were exchanged, compared to its average volume of 3,913. The stock has a market cap of $13.77 million, a price-to-earnings ratio of 1.14 and a beta of 0.99. WisdomTree New Economy Real Estate Fund has a 1-year low of $15.31 and a 1-year high of $24.33. The company has a 50 day moving average of $23.02 and a 200-day moving average of $22.53.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

A number of hedge funds have recently made changes to their positions in the company. LPL Financial LLC lifted its position in shares of WisdomTree New Economy Real Estate Fund by 50.7% in the fourth quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock valued at $452,000 after acquiring an additional 7,142 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of WisdomTree New Economy Real Estate Fund by 80.8% in the third quarter. Bank of America Corp DE now owns 32,888 shares of the company’s stock worth $732,000 after acquiring an additional 14,698 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of WisdomTree New Economy Real Estate Fund during the second quarter worth approximately $74,000. Finally, Jane Street Group LLC increased its position in shares of WisdomTree New Economy Real Estate Fund by 165.4% during the first quarter. Jane Street Group LLC now owns 47,029 shares of the company’s stock worth $815,000 after purchasing an additional 29,311 shares in the last quarter. Institutional investors and hedge funds own 59.41% of the company’s stock.

WisdomTree New Economy Real Estate Fund Company Profile

The WisdomTree New Economy Real Estate ETF (WTRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a tier-weighted index of global real estate companies that have direct and\u002For indirect exposure to technology, sciences, or e-commerce. Holdings are selected based on a proprietary technology score and a leverage screening. WTRE was launched on Jun 5, 2007 and is managed by WisdomTree.