WisdomTree U.S. Value Fund (NYSEARCA:WTV – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 42,913 shares, a drop of 37.9% from the September 30th total of 69,148 shares. Based on an average daily volume of 158,585 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. First Community Trust NA acquired a new stake in WisdomTree U.S. Value Fund during the 2nd quarter valued at $55,521,000. Cetera Investment Advisers raised its stake in WisdomTree U.S. Value Fund by 16.0% during the first quarter. Cetera Investment Advisers now owns 525,408 shares of the company’s stock worth $49,772,000 after purchasing an additional 72,287 shares during the period. Kestra Advisory Services LLC grew its position in WisdomTree U.S. Value Fund by 5.3% during the first quarter. Kestra Advisory Services LLC now owns 424,918 shares of the company’s stock valued at $40,252,000 after acquiring an additional 21,426 shares during the period. Bank of America Corp DE increased its position in WisdomTree U.S. Value Fund by 30.7% during the 1st quarter. Bank of America Corp DE now owns 315,673 shares of the company’s stock worth $29,904,000 after purchasing an additional 74,194 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its position in shares of WisdomTree U.S. Value Fund by 0.5% in the second quarter. Legacy Financial Advisors Inc. now owns 226,780 shares of the company’s stock worth $23,068,000 after acquiring an additional 1,153 shares in the last quarter.
WisdomTree U.S. Value Fund Trading Up 0.7%
Shares of WTV stock traded up $0.76 during mid-day trading on Monday, reaching $107.69. The stock had a trading volume of 58,305 shares, compared to its average volume of 195,433. The business has a 50-day simple moving average of $106.27 and a 200 day simple moving average of $101.80. WisdomTree U.S. Value Fund has a 12-month low of $87.88 and a 12-month high of $109.74. The company has a market cap of $3.34 billion, a P/E ratio of 14.62 and a beta of 0.93.
About WisdomTree U.S. Value Fund
The WisdomTree U.S. Value Fund (WTV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed using a model-based selection process. It aims to identify US large- and mid-cap stocks that provide a high total shareholder yield with quality characteristics. WTV was launched on Feb 23, 2007 and is managed by WisdomTree.
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