WisdomTree Target Range Fund (NASDAQ:GTR) Short Interest Down 43.5% in June

WisdomTree Target Range Fund (NASDAQ:GTR) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 4,741 shares, a drop of 43.5% from the May 31st total of 8,398 shares. Based on an average trading volume of 5,452 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WisdomTree Target Range Fund stock. Valmark Advisers Inc. increased its stake in shares of WisdomTree Target Range Fund (NASDAQ:GTR) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,360,343 shares of the company’s stock after buying an additional 127,779 shares during the quarter. Valmark Advisers Inc. owned 91.49% of WisdomTree Target Range Fund worth $59,183,000 at the end of the most recent quarter.

WisdomTree Target Range Fund Stock Down 0.1%

GTR stock traded down $0.04 during mid-day trading on Thursday, reaching $27.07. 1,079 shares of the company traded hands, compared to its average volume of 5,895. The stock has a market cap of $69.04 million, a price-to-earnings ratio of 20.13 and a beta of 0.59. WisdomTree Target Range Fund has a fifty-two week low of $24.35 and a fifty-two week high of $27.44. The firm’s 50 day moving average price is $26.93 and its 200 day moving average price is $26.11.

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.