WisdomTree Global High Dividend Fund (NYSEARCA:DEW) Sees Large Decline in Short Interest

WisdomTree Global High Dividend Fund (NYSEARCA:DEW) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 23,422 shares, a drop of 40.6% from the July 15th total of 39,452 shares. Based on an average daily trading volume, of 13,742 shares, the short-interest ratio is currently 1.7 days. Approximately 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On WisdomTree Global High Dividend Fund

Large investors have recently modified their holdings of the stock. Asset Dedication LLC boosted its stake in WisdomTree Global High Dividend Fund by 0.6% in the 1st quarter. Asset Dedication LLC now owns 31,784 shares of the company’s stock worth $2,108,000 after purchasing an additional 178 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of WisdomTree Global High Dividend Fund by 13.2% in the 1st quarter. Royal Bank of Canada now owns 2,950 shares of the company’s stock worth $196,000 after purchasing an additional 343 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in WisdomTree Global High Dividend Fund in the 1st quarter worth about $356,000. Bank of New York Mellon Corp raised its holdings in shares of WisdomTree Global High Dividend Fund by 31.6% during the first quarter. Bank of New York Mellon Corp now owns 37,144 shares of the company’s stock valued at $2,464,000 after purchasing an additional 8,926 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in WisdomTree Global High Dividend Fund during the 1st quarter valued at $90,000.

WisdomTree Global High Dividend Fund Stock Performance

WisdomTree Global High Dividend Fund stock opened at $72.83 on Monday. The business’s fifty day simple moving average is $70.42 and its two-hundred day simple moving average is $68.51. WisdomTree Global High Dividend Fund has a 12 month low of $58.66 and a 12 month high of $72.96. The company has a market capitalization of $156.58 million, a price-to-earnings ratio of 13.20 and a beta of 0.59.

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.