WisdomTree Global High Dividend Fund (NYSEARCA:DEW) Sees Significant Growth in Short Interest

WisdomTree Global High Dividend Fund (NYSEARCA:DEW) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,527 shares, an increase of 117.9% from the September 30th total of 1,619 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 12,185 shares, the days-to-cover ratio is presently 0.3 days.

WisdomTree Global High Dividend Fund Price Performance

NYSEARCA DEW traded up $0.07 during trading hours on Friday, hitting $72.40. The company’s stock had a trading volume of 2,428 shares, compared to its average volume of 6,532. WisdomTree Global High Dividend Fund has a 12 month low of $58.85 and a 12 month high of $73.51. The company’s 50 day simple moving average is $71.21 and its two-hundred day simple moving average is $69.00. The company has a market cap of $199.10 million, a P/E ratio of 13.20 and a beta of 0.59.

Institutional Investors Weigh In On WisdomTree Global High Dividend Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in WisdomTree Global High Dividend Fund during the 1st quarter worth approximately $90,000. Royal Bank of Canada boosted its position in shares of WisdomTree Global High Dividend Fund by 13.2% in the first quarter. Royal Bank of Canada now owns 2,950 shares of the company’s stock worth $196,000 after purchasing an additional 343 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of WisdomTree Global High Dividend Fund by 9.7% in the third quarter. SBI Securities Co. Ltd. now owns 4,152 shares of the company’s stock worth $286,000 after purchasing an additional 366 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in WisdomTree Global High Dividend Fund in the 1st quarter worth $356,000. Finally, Asset Dedication LLC raised its stake in WisdomTree Global High Dividend Fund by 0.6% during the 1st quarter. Asset Dedication LLC now owns 31,784 shares of the company’s stock valued at $2,108,000 after purchasing an additional 178 shares during the period.

About WisdomTree Global High Dividend Fund

WisdomTree Global Equity Income Fund (the Fund), formerly WisdomTree Europe Equity Income Fund, seeks investment results that closely correspond to the price and yield performance of the WisdomTree Global High-Yielding Equity Index (the Index). The Index is a fundamentally weighted index that measures the performance of high dividend-yielding companies selected from the WisdomTree Global Dividend Index, which measures the performance of dividend-paying companies in the United States, developed and emerging markets.