WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Short Interest Up 128.9% in August

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 31,259 shares, a growth of 128.9% from the July 30th total of 13,654 shares. Based on an average trading volume of 4,401 shares, the short-interest ratio is currently 7.1 days. Currently, 4.8% of the shares of the company are sold short.

Institutional Trading of WisdomTree New Economy Real Estate Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in WTRE. Western Wealth Management LLC acquired a new position in shares of WisdomTree New Economy Real Estate Fund during the first quarter valued at approximately $34,000. Raymond James Financial Inc. acquired a new stake in WisdomTree New Economy Real Estate Fund in the second quarter worth approximately $74,000. Bank of America Corp DE lifted its position in WisdomTree New Economy Real Estate Fund by 8.0% in the second quarter. Bank of America Corp DE now owns 18,190 shares of the company’s stock worth $354,000 after purchasing an additional 1,344 shares during the period. LPL Financial LLC boosted its stake in WisdomTree New Economy Real Estate Fund by 50.7% during the 4th quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock valued at $452,000 after purchasing an additional 7,142 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in WisdomTree New Economy Real Estate Fund by 165.4% during the 1st quarter. Jane Street Group LLC now owns 47,029 shares of the company’s stock valued at $815,000 after purchasing an additional 29,311 shares in the last quarter. 59.41% of the stock is currently owned by institutional investors.

WisdomTree New Economy Real Estate Fund Stock Performance

Shares of WTRE traded down $0.43 during midday trading on Friday, hitting $23.61. 4,069 shares of the stock traded hands, compared to its average volume of 3,833. WisdomTree New Economy Real Estate Fund has a 1-year low of $20.00 and a 1-year high of $28.95. The firm has a market capitalization of $15.35 million, a PE ratio of 1.27 and a beta of 1.07. The business’s 50 day moving average price is $24.33 and its two-hundred day moving average price is $24.25.

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.