WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (BATS:GDMN) Short Interest Up 129.0% in August

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (BATS:GDMN) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 42,501 shares, an increase of 129.0% from the July 30th total of 18,563 shares. Approximately 5.7% of the shares of the company are sold short. Based on an average trading volume of 46,906 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On WisdomTree Efficient Gold Plus Gold Miners Strategy Fund

Several institutional investors have recently made changes to their positions in GDMN. Compass Financial Management LLC purchased a new position in shares of WisdomTree Efficient Gold Plus Gold Miners Strategy Fund in the second quarter worth approximately $36,000. Team Financial Group LLC purchased a new stake in WisdomTree Efficient Gold Plus Gold Miners Strategy Fund during the first quarter valued at approximately $89,000. Allied Private Wealth LLC bought a new position in WisdomTree Efficient Gold Plus Gold Miners Strategy Fund in the second quarter worth approximately $187,000. Finally, Fiduciary Alliance LLC bought a new position in WisdomTree Efficient Gold Plus Gold Miners Strategy Fund in the first quarter worth approximately $242,000.

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund Stock Performance

GDMN stock opened at $99.43 on Friday. WisdomTree Efficient Gold Plus Gold Miners Strategy Fund has a fifty-two week low of $59.27 and a fifty-two week high of $147.27. The business’s 50-day moving average is $81.39 and its two-hundred day moving average is $96.09. The company has a market cap of $74.57 million, a price-to-earnings ratio of 23.21 and a beta of 0.60.

About WisdomTree Efficient Gold Plus Gold Miners Strategy Fund

The WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that provides concentrated exposure to gold in both equity and commodity forms. The fund invests in gold mining companies globally and US-listed gold futures. GDMN was launched on Dec 16, 2021 and is managed by WisdomTree.