Short Interest in WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Expands By 29.5%

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 80,092 shares, a growth of 29.5% from the March 31st total of 61,838 shares. Based on an average daily volume of 508,958 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of WisdomTree U.S. Quality Growth Fund

Several hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its stake in shares of WisdomTree U.S. Quality Growth Fund by 39.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 10,292 shares of the company’s stock worth $590,000 after purchasing an additional 2,923 shares during the period. Intrua Financial LLC purchased a new stake in WisdomTree U.S. Quality Growth Fund in the 3rd quarter worth about $526,000. JNBA Financial Advisors lifted its stake in WisdomTree U.S. Quality Growth Fund by 58.9% in the third quarter. JNBA Financial Advisors now owns 834 shares of the company’s stock worth $48,000 after purchasing an additional 309 shares during the last quarter. Retirement Planning Group LLC lifted its stake in WisdomTree U.S. Quality Growth Fund by 9.2% in the third quarter. Retirement Planning Group LLC now owns 4,093,976 shares of the company’s stock worth $234,830,000 after purchasing an additional 344,356 shares during the last quarter. Finally, MGO One Seven LLC boosted its position in shares of WisdomTree U.S. Quality Growth Fund by 8.4% during the third quarter. MGO One Seven LLC now owns 57,009 shares of the company’s stock valued at $3,270,000 after buying an additional 4,424 shares during the period.

WisdomTree U.S. Quality Growth Fund Stock Up 0.9%

WisdomTree U.S. Quality Growth Fund stock traded up $0.55 during midday trading on Friday, reaching $62.07. 126,733 shares of the stock traded hands, compared to its average volume of 355,226. The stock’s fifty day moving average is $56.95 and its 200-day moving average is $57.95. WisdomTree U.S. Quality Growth Fund has a 12 month low of $45.13 and a 12 month high of $62.27. The stock has a market cap of $2.29 billion, a P/E ratio of 36.83 and a beta of 1.26.

About WisdomTree U.S. Quality Growth Fund

The Wisdomtree U.S. Quality Growth Fund (QGRW) is an exchange-traded fund that is based on the WisdomTree U.S. Quality Growth index. The fund tracks a market cap-weighted index of 100 large-cap growth companies in the US that exhibit the strongest quality characteristics relative to their peers. QGRW was launched on Dec 15, 2022 and is managed by WisdomTree.