WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Short Interest Down 70.0% in August

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 103,800 shares, a decrease of 70.0% from the August 15th total of 345,700 shares. Based on an average daily volume of 557,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of WisdomTree U.S. Quality Dividend Growth Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in WisdomTree U.S. Quality Dividend Growth Fund in the 2nd quarter worth approximately $14,084,000. Strategic Investment Solutions Inc. IL bought a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 2nd quarter worth $97,000. New Century Financial Group LLC bought a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 2nd quarter worth $278,000. Cetera Investment Advisers increased its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 3.4% in the 2nd quarter. Cetera Investment Advisers now owns 1,888,482 shares of the company’s stock worth $147,396,000 after buying an additional 62,514 shares during the last quarter. Finally, Ted Buchan & Co bought a new position in shares of WisdomTree U.S. Quality Dividend Growth Fund in the 2nd quarter worth $397,000.

WisdomTree U.S. Quality Dividend Growth Fund Stock Performance

NASDAQ DGRW traded up $0.60 on Thursday, hitting $81.14. The stock had a trading volume of 907,969 shares, compared to its average volume of 593,807. WisdomTree U.S. Quality Dividend Growth Fund has a 52-week low of $61.21 and a 52-week high of $82.03. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 24.83 and a beta of 0.88. The firm has a 50-day moving average of $79.61 and a 200-day moving average of $76.97.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 27th were paid a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This is a boost from WisdomTree U.S. Quality Dividend Growth Fund’s previous monthly dividend of $0.06. This represents a $1.26 annualized dividend and a yield of 1.55%.

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.