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

WisdomTree Target Range Fund (NASDAQ:GTR) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 5,676 shares, a drop of 55.4% from the July 15th total of 12,736 shares. Based on an average daily trading volume, of 4,684 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the shares of the stock are short sold.

WisdomTree Target Range Fund Stock Up 0.1%

NASDAQ:GTR traded up $0.04 during trading hours on Friday, hitting $27.85. 809 shares of the company’s stock traded hands, compared to its average volume of 5,702. The firm has a market cap of $72.96 million, a P/E ratio of 20.13 and a beta of 0.59. WisdomTree Target Range Fund has a 52 week low of $24.55 and a 52 week high of $27.92. The business’s fifty day simple moving average is $27.23 and its two-hundred day simple moving average is $26.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WisdomTree Target Range Fund stock. Valmark Advisers Inc. raised its stake in shares of WisdomTree Target Range Fund (NASDAQ:GTR) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,360,343 shares of the company’s stock after purchasing an additional 127,779 shares during the quarter. Valmark Advisers Inc. owned 91.49% of WisdomTree Target Range Fund worth $59,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

WisdomTree Target Range Fund Company Profile

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.