Short Interest in WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) Declines By 55.2%

WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 9,335 shares, a decline of 55.2% from the August 15th total of 20,842 shares. Based on an average daily trading volume, of 11,843 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trilogy Capital Inc. grew its position in WisdomTree Emerging Markets Multifactor Fund by 5.6% in the 1st quarter. Trilogy Capital Inc. now owns 1,885,593 shares of the company’s stock worth $62,432,000 after purchasing an additional 99,540 shares during the period. LPL Financial LLC boosted its holdings in shares of WisdomTree Emerging Markets Multifactor Fund by 6.1% in the fourth quarter. LPL Financial LLC now owns 287,437 shares of the company’s stock worth $9,066,000 after buying an additional 16,557 shares during the last quarter. Tidemark LLC boosted its holdings in shares of WisdomTree Emerging Markets Multifactor Fund by 7.8% in the fourth quarter. Tidemark LLC now owns 245,585 shares of the company’s stock worth $7,746,000 after buying an additional 17,736 shares during the last quarter. Welch Financial Planning LLC grew its position in WisdomTree Emerging Markets Multifactor Fund by 3.1% during the first quarter. Welch Financial Planning LLC now owns 123,040 shares of the company’s stock valued at $4,074,000 after buying an additional 3,653 shares during the period. Finally, Greenwood Capital Associates LLC grew its position in WisdomTree Emerging Markets Multifactor Fund by 16.6% during the first quarter. Greenwood Capital Associates LLC now owns 43,523 shares of the company’s stock valued at $1,441,000 after buying an additional 6,197 shares during the period.

WisdomTree Emerging Markets Multifactor Fund Stock Down 2.1%

EMMF traded down $0.82 during midday trading on Monday, hitting $37.68. 2,110 shares of the company traded hands, compared to its average volume of 16,280. The firm has a market capitalization of $177.11 million, a PE ratio of 12.96 and a beta of 0.60. The company’s 50-day moving average is $37.51 and its 200 day moving average is $36.73. WisdomTree Emerging Markets Multifactor Fund has a 52 week low of $29.94 and a 52 week high of $40.96.

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.