Short Interest in WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Rises By 131.7%

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 302,400 shares, a growth of 131.7% from the May 31st total of 130,500 shares. Based on an average daily trading volume, of 539,900 shares, the days-to-cover ratio is presently 0.6 days.

WisdomTree U.S. Quality Dividend Growth Fund Stock Down 0.1 %

Shares of DGRW opened at $78.05 on Friday. The company has a market capitalization of $13.16 billion, a PE ratio of 24.83 and a beta of 0.88. The stock has a fifty day simple moving average of $76.10 and a two-hundred day simple moving average of $73.89. WisdomTree U.S. Quality Dividend Growth Fund has a 52-week low of $61.21 and a 52-week high of $79.11.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 25th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This is an increase from WisdomTree U.S. Quality Dividend Growth Fund’s previous dividend of $0.07.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 2.7% during the 3rd quarter. Morgan Stanley now owns 6,213,943 shares of the company’s stock worth $394,523,000 after acquiring an additional 162,792 shares in the last quarter. Ameriprise Financial Inc. raised its stake in WisdomTree U.S. Quality Dividend Growth Fund by 10.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,154,085 shares of the company’s stock worth $327,065,000 after acquiring an additional 478,498 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 7.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,679,722 shares of the company’s stock valued at $258,611,000 after acquiring an additional 254,238 shares during the last quarter. UBS Group AG boosted its stake in WisdomTree U.S. Quality Dividend Growth Fund by 19.2% in the fourth quarter. UBS Group AG now owns 2,361,213 shares of the company’s stock valued at $165,946,000 after acquiring an additional 380,946 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 176.7% during the first quarter. Cetera Investment Advisers now owns 1,825,968 shares of the company’s stock worth $139,121,000 after purchasing an additional 1,166,061 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.