WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Sees Significant Increase in Short Interest

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 131,800 shares, a growth of 7.6% from the June 30th total of 122,500 shares. Based on an average trading volume of 525,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 4.8% during the second quarter. D.A. Davidson & CO. now owns 198,830 shares of the company’s stock valued at $15,519,000 after acquiring an additional 9,105 shares during the last quarter. Valmark Advisers Inc. increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 45.7% during the second quarter. Valmark Advisers Inc. now owns 79,609 shares of the company’s stock valued at $6,213,000 after acquiring an additional 24,965 shares during the last quarter. Cascade Financial Partners LLC purchased a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the second quarter valued at $1,837,000. Aptus Capital Advisors LLC increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 52.6% during the second quarter. Aptus Capital Advisors LLC now owns 3,506 shares of the company’s stock valued at $274,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in WisdomTree U.S. Quality Dividend Growth Fund by 11.1% during the second quarter. Commonwealth Equity Services LLC now owns 871,305 shares of the company’s stock valued at $68,005,000 after acquiring an additional 87,209 shares during the last quarter.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

Shares of NASDAQ:DGRW traded down $0.12 during midday trading on Thursday, reaching $79.63. 54,726 shares of the company’s stock traded hands, compared to its average volume of 589,667. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 24.83 and a beta of 0.88. WisdomTree U.S. Quality Dividend Growth Fund has a one year low of $61.21 and a one year high of $81.05. The stock has a 50 day moving average of $78.15 and a 200 day moving average of $75.37.

WisdomTree U.S. Quality Dividend Growth Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Friday, July 26th were issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, July 26th.

About WisdomTree U.S. Quality Dividend Growth Fund

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.