WisdomTree Target Range Fund (NASDAQ:GTR) Sees Significant Drop in Short Interest

WisdomTree Target Range Fund (NASDAQ:GTRGet Free Report) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 13,516 shares, a decrease of 23.7% from the December 15th total of 17,711 shares. Based on an average daily trading volume, of 6,042 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,042 shares, the days-to-cover ratio is currently 2.2 days.

WisdomTree Target Range Fund Stock Up 0.1%

NASDAQ:GTR traded up $0.03 during mid-day trading on Friday, hitting $25.93. 3,867 shares of the stock traded hands, compared to its average volume of 7,915. The business’s 50-day moving average price is $25.70 and its 200 day moving average price is $25.51. The company has a market cap of $62.75 million, a PE ratio of 20.13 and a beta of 0.60. WisdomTree Target Range Fund has a 12-month low of $21.59 and a 12-month high of $26.36.

WisdomTree Target Range Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 10th were given a dividend of $0.8466 per share. This is an increase from WisdomTree Target Range Fund’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, December 10th. This represents a $3.39 dividend on an annualized basis and a dividend yield of 13.1%.

Institutional Investors Weigh In On WisdomTree Target Range Fund

A hedge fund recently raised its stake in WisdomTree Target Range Fund stock. Valmark Advisers Inc. boosted its holdings in shares of WisdomTree Target Range Fund (NASDAQ:GTRFree Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,222,057 shares of the company’s stock after buying an additional 38,916 shares during the period. WisdomTree Target Range Fund makes up about 0.7% of Valmark Advisers Inc.’s holdings, making the stock its 29th largest holding. Valmark Advisers Inc. owned 93.36% of WisdomTree Target Range Fund worth $57,340,000 at the end of the most recent quarter.

About WisdomTree Target Range Fund

(Get Free Report)

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.

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