WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Stock Short Interest Jumps 113.2%

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 210,685 shares, a growth of 113.2% from the September 30th total of 98,805 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 350,555 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QGRW. Virtue Capital Management LLC acquired a new position in shares of WisdomTree U.S. Quality Growth Fund in the third quarter valued at approximately $379,000. MGO One Seven LLC increased its position in WisdomTree U.S. Quality Growth Fund by 0.3% in the 3rd quarter. MGO One Seven LLC now owns 60,087 shares of the company’s stock valued at $4,127,000 after acquiring an additional 192 shares during the period. Park Avenue Securities LLC bought a new position in shares of WisdomTree U.S. Quality Growth Fund during the third quarter valued at $1,092,000. Kingswood Wealth Advisors LLC bought a new position in shares of WisdomTree U.S. Quality Growth Fund during the third quarter valued at $212,000. Finally, Lantern Wealth Advisors LLC raised its stake in shares of WisdomTree U.S. Quality Growth Fund by 17.1% during the third quarter. Lantern Wealth Advisors LLC now owns 3,685 shares of the company’s stock valued at $253,000 after acquiring an additional 538 shares during the last quarter.

WisdomTree U.S. Quality Growth Fund Stock Performance

Shares of WisdomTree U.S. Quality Growth Fund stock traded down $1.84 during midday trading on Friday, hitting $64.56. 314,593 shares of the company traded hands, compared to its average volume of 315,943. The firm’s fifty day moving average price is $67.86 and its 200-day moving average price is $63.13. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 36.83 and a beta of 1.31. WisdomTree U.S. Quality Growth Fund has a 12 month low of $50.94 and a 12 month high of $71.12.

WisdomTree U.S. Quality Growth Fund Company Profile

The Wisdomtree U.S. Quality Growth Fund (QGRW) is an exchange-traded fund that is based on the WisdomTree U.S. Quality Growth index. The fund tracks a market cap-weighted index of 100 large-cap growth companies in the US that exhibit the strongest quality characteristics relative to their peers. QGRW was launched on Dec 15, 2022 and is managed by WisdomTree.