WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Short Interest Up 307.4% in March

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 310,000 shares, a growth of 307.4% from the March 15th total of 76,100 shares. Based on an average trading volume of 703,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

WisdomTree U.S. Quality Dividend Growth Fund Trading Down 1.8 %

Shares of NASDAQ DGRW traded down $1.35 during trading hours on Wednesday, reaching $75.01. The stock had a trading volume of 548,381 shares, compared to its average volume of 584,010. The business’s fifty day moving average price is $80.06 and its two-hundred day moving average price is $82.15. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 21.17 and a beta of 0.88. WisdomTree U.S. Quality Dividend Growth Fund has a 52-week low of $69.84 and a 52-week high of $85.89.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 26th were issued a $0.155 dividend. This is a boost from WisdomTree U.S. Quality Dividend Growth Fund’s previous monthly dividend of $0.11. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DGRW. Raymond James Financial Inc. purchased a new stake in WisdomTree U.S. Quality Dividend Growth Fund in the fourth quarter valued at $292,520,000. Lido Advisors LLC acquired a new stake in WisdomTree U.S. Quality Dividend Growth Fund in the 4th quarter valued at $114,918,000. Private Advisor Group LLC lifted its stake in WisdomTree U.S. Quality Dividend Growth Fund by 86.9% in the 4th quarter. Private Advisor Group LLC now owns 2,732,198 shares of the company’s stock valued at $221,117,000 after buying an additional 1,269,967 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of WisdomTree U.S. Quality Dividend Growth Fund in the fourth quarter worth approximately $70,057,000. Finally, LPL Financial LLC grew its holdings in shares of WisdomTree U.S. Quality Dividend Growth Fund by 7.1% during the fourth quarter. LPL Financial LLC now owns 11,999,767 shares of the company’s stock worth $971,141,000 after buying an additional 793,206 shares in the last quarter.

WisdomTree U.S. Quality Dividend Growth Fund Company Profile

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.