WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 538,671 shares, an increase of 3,120.0% from the August 31st total of 16,729 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 128,625 shares, the days-to-cover ratio is currently 4.2 days.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Highland Investment Advisors LLC bought a new position in shares of WisdomTree U.S. SmallCap Dividend Fund during the 2nd quarter worth approximately $41,000. First Horizon Corp acquired a new stake in WisdomTree U.S. SmallCap Dividend Fund in the 1st quarter valued at about $38,000. Cassaday & Co Wealth Management LLC bought a new position in shares of WisdomTree U.S. SmallCap Dividend Fund during the 1st quarter worth approximately $39,000. Ascentis Independent Advisors acquired a new stake in shares of WisdomTree U.S. SmallCap Dividend Fund during the 1st quarter worth about $42,000. Finally, Main Street Group LTD bought a new position in WisdomTree U.S. SmallCap Dividend Fund in the 1st quarter valued at about $55,000.
WisdomTree U.S. SmallCap Dividend Fund Stock Performance
DES stock traded up $0.02 during midday trading on Thursday, hitting $38.58. 105,129 shares of the company’s stock were exchanged, compared to its average volume of 130,262. The company has a market cap of $2.08 billion, a PE ratio of 13.64 and a beta of 0.89. The stock’s fifty day moving average price is $40.48 and its 200-day moving average price is $38.97. WisdomTree U.S. SmallCap Dividend Fund has a one year low of $31.75 and a one year high of $41.85.
WisdomTree U.S. SmallCap Dividend Fund Company Profile
WisdomTree SmallCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree SmallCap Dividend Index (the Index). The Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the United States dividend-paying market. The Index consists of companies that compose the bottom 25% of the market capitalization of the WisdomTree Dividend Index after the 300 largest companies have been removed.
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