WisdomTree Target Range Fund (NASDAQ:GTR) Sees Large Growth in Short Interest

WisdomTree Target Range Fund (NASDAQ:GTR) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 14,759 shares, a growth of 459.3% from the March 31st total of 2,639 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 6,934 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of WisdomTree Target Range Fund

A hedge fund recently bought a new stake in WisdomTree Target Range Fund stock. Kestra Advisory Services LLC acquired a new position in shares of WisdomTree Target Range Fund (NASDAQ:GTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,304 shares of the company’s stock, valued at approximately $58,000. Kestra Advisory Services LLC owned about 0.10% of WisdomTree Target Range Fund as of its most recent filing with the Securities and Exchange Commission.

WisdomTree Target Range Fund Stock Performance

WisdomTree Target Range Fund stock traded up $0.13 during mid-day trading on Friday, hitting $26.43. 162 shares of the company traded hands, compared to its average volume of 5,866. WisdomTree Target Range Fund has a one year low of $22.89 and a one year high of $26.50. The stock has a market cap of $68.18 million, a price-to-earnings ratio of 20.13 and a beta of 0.60. The stock has a fifty day moving average price of $25.68 and a 200-day moving average price of $25.78.

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.