WisdomTree Target Range Fund (NASDAQ:GTR) Short Interest Down 23.7% in December

WisdomTree Target Range Fund (NASDAQ:GTR) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 13,516 shares, a decrease of 23.7% from the December 15th total of 17,711 shares. Based on an average daily volume of 6,042 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 6,042 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of WisdomTree Target Range Fund

A hedge fund recently raised its stake in WisdomTree Target Range Fund stock. Valmark Advisers Inc. increased its holdings in WisdomTree Target Range Fund (NASDAQ:GTR) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,183,141 shares of the company’s stock after purchasing an additional 51,590 shares during the quarter. WisdomTree Target Range Fund makes up approximately 0.7% of Valmark Advisers Inc.’s holdings, making the stock its 28th largest holding. Valmark Advisers Inc. owned about 93.70% of WisdomTree Target Range Fund worth $53,421,000 at the end of the most recent quarter.

WisdomTree Target Range Fund Trading Up 0.1%

Shares of NASDAQ GTR opened at $25.93 on Tuesday. The stock has a market cap of $62.75 million, a price-to-earnings ratio of 20.13 and a beta of 0.60. WisdomTree Target Range Fund has a 1-year low of $21.59 and a 1-year high of $26.36. The stock’s 50-day moving average is $25.70 and its 200 day moving average is $25.52.

WisdomTree Target Range Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, December 10th were issued a dividend of $0.8466 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $3.39 annualized dividend and a dividend yield of 13.1%. This is an increase from WisdomTree Target Range Fund’s previous quarterly dividend of $0.15.

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.