WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Sees Large Increase in Short Interest

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 89,105 shares, a growth of 128.3% from the August 15th total of 39,028 shares. Based on an average daily trading volume, of 207,243 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

WisdomTree U.S. Quality Growth Fund Price Performance

QGRW stock opened at $66.17 on Wednesday. The business has a 50-day moving average price of $66.43 and a 200 day moving average price of $63.03. The company has a market capitalization of $2.79 billion, a P/E ratio of 36.83 and a beta of 1.32. WisdomTree U.S. Quality Growth Fund has a 1-year low of $50.94 and a 1-year high of $69.00.

Institutional Investors Weigh In On WisdomTree U.S. Quality Growth Fund

Several large investors have recently modified their holdings of QGRW. Waverly Advisors LLC bought a new position in shares of WisdomTree U.S. Quality Growth Fund during the first quarter valued at approximately $29,000. Ameritas Advisory Services LLC bought a new position in WisdomTree U.S. Quality Growth Fund in the second quarter worth approximately $63,000. Fifth Third Bancorp bought a new position in WisdomTree U.S. Quality Growth Fund in the first quarter worth approximately $88,000. IFP Advisors Inc lifted its holdings in WisdomTree U.S. Quality Growth Fund by 563.7% during the second quarter. IFP Advisors Inc now owns 1,334 shares of the company’s stock worth $88,000 after buying an additional 1,133 shares during the period. Finally, Markowski Investments purchased a new stake in WisdomTree U.S. Quality Growth Fund during the second quarter worth $101,000.

About WisdomTree U.S. Quality Growth Fund

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.