WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) Sees Large Decline in Short Interest

WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,336 shares, a drop of 73.5% from the June 15th total of 8,799 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 21,843 shares, the days-to-cover ratio is currently 0.1 days.

WisdomTree Emerging Markets Multifactor Fund Trading Up 0.4%

Shares of NYSEARCA EMMF traded up $0.16 during midday trading on Friday, hitting $37.96. 4,371 shares of the company’s stock were exchanged, compared to its average volume of 17,667. WisdomTree Emerging Markets Multifactor Fund has a 12-month low of $28.40 and a 12-month high of $40.96. The company has a market cap of $178.41 million, a price-to-earnings ratio of 12.96 and a beta of 0.58. The business’s fifty day moving average price is $38.31 and its two-hundred day moving average price is $35.49.

Institutional Investors Weigh In On WisdomTree Emerging Markets Multifactor Fund

Several hedge funds have recently bought and sold shares of the stock. Gateway Wealth Partners LLC purchased a new position in WisdomTree Emerging Markets Multifactor Fund in the 1st quarter worth approximately $212,000. Osaic Holdings Inc. increased its holdings in shares of WisdomTree Emerging Markets Multifactor Fund by 59.3% in the 2nd quarter. Osaic Holdings Inc. now owns 12,678 shares of the company’s stock worth $366,000 after buying an additional 4,718 shares during the last quarter. United Advisor Group LLC raised its position in shares of WisdomTree Emerging Markets Multifactor Fund by 149.3% during the 4th quarter. United Advisor Group LLC now owns 20,985 shares of the company’s stock valued at $662,000 after buying an additional 12,568 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of WisdomTree Emerging Markets Multifactor Fund by 88,254.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,390 shares of the company’s stock valued at $838,000 after buying an additional 27,359 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of WisdomTree Emerging Markets Multifactor Fund during the 4th quarter valued at $982,000.

WisdomTree Emerging Markets Multifactor Fund Company Profile

The WisdomTree Emerging Markets Multifactor Fund (EMMF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that invests in emerging-market firms that score highly on multiple factors. It may hedge foreign currency exposure EMMF was launched on Aug 10, 2018 and is managed by WisdomTree.