Short Interest in WisdomTree Global High Dividend Fund (NYSEARCA:DEW) Drops By 80.7%

WisdomTree Global High Dividend Fund (NYSEARCA:DEW) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,512 shares, a drop of 80.7% from the July 30th total of 23,422 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 10,138 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of WisdomTree Global High Dividend Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Dedication LLC increased its holdings in shares of WisdomTree Global High Dividend Fund by 0.6% in the first quarter. Asset Dedication LLC now owns 31,784 shares of the company’s stock valued at $2,108,000 after purchasing an additional 178 shares during the period. Royal Bank of Canada lifted its holdings in WisdomTree Global High Dividend Fund by 13.2% in the first quarter. Royal Bank of Canada now owns 2,950 shares of the company’s stock valued at $196,000 after acquiring an additional 343 shares during the period. Gateway Wealth Partners LLC acquired a new position in shares of WisdomTree Global High Dividend Fund in the 1st quarter valued at $356,000. Bank of New York Mellon Corp raised its position in shares of WisdomTree Global High Dividend Fund by 31.6% in the first quarter. Bank of New York Mellon Corp now owns 37,144 shares of the company’s stock worth $2,464,000 after acquiring an additional 8,926 shares during the period. Finally, Fifth Third Bancorp purchased a new position in WisdomTree Global High Dividend Fund during the first quarter worth approximately $90,000.

WisdomTree Global High Dividend Fund Price Performance

NYSEARCA:DEW traded up $0.10 during trading hours on Friday, hitting $72.11. 4,229 shares of the company were exchanged, compared to its average volume of 6,060. WisdomTree Global High Dividend Fund has a 52-week low of $58.66 and a 52-week high of $73.51. The stock has a market capitalization of $155.04 million, a price-to-earnings ratio of 13.20 and a beta of 0.59. The company’s 50 day moving average price is $71.10 and its 200-day moving average price is $68.97.

About WisdomTree Global High Dividend Fund

WisdomTree Global Equity Income Fund (the Fund), formerly WisdomTree Europe Equity Income Fund, seeks investment results that closely correspond to the price and yield performance of the WisdomTree Global High-Yielding Equity Index (the Index). The Index is a fundamentally weighted index that measures the performance of high dividend-yielding companies selected from the WisdomTree Global Dividend Index, which measures the performance of dividend-paying companies in the United States, developed and emerging markets.