WisdomTree U.S. Value Fund (NYSEARCA:WTV) Sees Large Decline in Short Interest

WisdomTree U.S. Value Fund (NYSEARCA:WTV) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 33,368 shares, a drop of 39.6% from the April 30th total of 55,290 shares. Based on an average daily volume of 156,550 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

WisdomTree U.S. Value Fund Price Performance

WTV opened at $102.55 on Thursday. The business’s 50-day moving average price is $98.32 and its two-hundred day moving average price is $96.47. WisdomTree U.S. Value Fund has a 1 year low of $83.42 and a 1 year high of $103.76. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 14.62 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WTV. HighTower Advisors LLC grew its position in WisdomTree U.S. Value Fund by 73.7% in the third quarter. HighTower Advisors LLC now owns 1,157,184 shares of the company’s stock valued at $105,315,000 after purchasing an additional 490,941 shares in the last quarter. Raymond James Financial Inc. grew its position in WisdomTree U.S. Value Fund by 65.2% in the second quarter. Raymond James Financial Inc. now owns 1,144,700 shares of the company’s stock valued at $98,902,000 after purchasing an additional 451,783 shares in the last quarter. Morgan Stanley grew its position in WisdomTree U.S. Value Fund by 43.8% in the fourth quarter. Morgan Stanley now owns 1,322,128 shares of the company’s stock valued at $123,355,000 after purchasing an additional 402,408 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in WisdomTree U.S. Value Fund by 7,765.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 351,911 shares of the company’s stock valued at $33,569,000 after purchasing an additional 347,437 shares in the last quarter. Finally, LPL Financial LLC grew its position in WisdomTree U.S. Value Fund by 11.4% in the fourth quarter. LPL Financial LLC now owns 2,556,543 shares of the company’s stock valued at $238,525,000 after purchasing an additional 261,672 shares in the last quarter.

About WisdomTree U.S. Value Fund

The WisdomTree U.S. Value Fund (WTV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed using a model-based selection process. It aims to identify US large- and mid-cap stocks that provide a high total shareholder yield with quality characteristics. WTV was launched on Feb 23, 2007 and is managed by WisdomTree.