Short Interest in WisdomTree Target Range Fund (NASDAQ:GTR) Declines By 71.4%

WisdomTree Target Range Fund (NASDAQ:GTR) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 3,521 shares, a decline of 71.4% from the January 29th total of 12,325 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5,293 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 5,293 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of WisdomTree Target Range Fund

An institutional investor recently raised its position in WisdomTree Target Range Fund stock. Valmark Advisers Inc. boosted its holdings in shares of WisdomTree Target Range Fund (NASDAQ:GTR) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,222,057 shares of the company’s stock after buying an additional 38,916 shares during the quarter. WisdomTree Target Range Fund makes up approximately 0.7% of Valmark Advisers Inc.’s investment portfolio, making the stock its 29th biggest holding. Valmark Advisers Inc. owned about 93.36% of WisdomTree Target Range Fund worth $57,340,000 as of its most recent SEC filing.

WisdomTree Target Range Fund Price Performance

Shares of WisdomTree Target Range Fund stock traded down $0.03 during trading on Friday, reaching $26.15. 10,354 shares of the stock traded hands, compared to its average volume of 7,014. WisdomTree Target Range Fund has a 52-week low of $21.59 and a 52-week high of $26.36. The business has a fifty day simple moving average of $25.85 and a two-hundred day simple moving average of $25.77. The company has a market capitalization of $63.29 million, a price-to-earnings ratio of 20.13 and a beta of 0.60.

WisdomTree Target Range Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 10th were paid a $0.8466 dividend. This represents a $3.39 annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend was Wednesday, December 10th. This is a positive change from WisdomTree Target Range Fund’s previous quarterly dividend of $0.15.

About WisdomTree Target Range Fund

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.