Short Interest in WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Declines By 79.7%

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 21,232 shares, a drop of 79.7% from the February 26th total of 104,356 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 207,486 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its holdings in shares of WisdomTree U.S. Quality Growth Fund by 64.6% in the third quarter. HighTower Advisors LLC now owns 3,356,988 shares of the company’s stock worth $192,557,000 after acquiring an additional 1,317,154 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of WisdomTree U.S. Quality Growth Fund by 142.3% during the 3rd quarter. Bank of America Corp DE now owns 1,546,733 shares of the company’s stock valued at $88,721,000 after purchasing an additional 908,416 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in WisdomTree U.S. Quality Growth Fund by 15,576.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 723,464 shares of the company’s stock worth $42,446,000 after purchasing an additional 718,849 shares in the last quarter. Horizon Wealth Management LLC acquired a new position in WisdomTree U.S. Quality Growth Fund during the 4th quarter worth approximately $30,212,000. Finally, Retirement Planning Group LLC lifted its stake in WisdomTree U.S. Quality Growth Fund by 9.2% in the 3rd quarter. Retirement Planning Group LLC now owns 4,093,976 shares of the company’s stock valued at $234,830,000 after purchasing an additional 344,356 shares during the last quarter.

WisdomTree U.S. Quality Growth Fund Stock Down 2.3%

Shares of QGRW traded down $1.24 during midday trading on Friday, hitting $51.64. The company’s stock had a trading volume of 183,870 shares, compared to its average volume of 335,610. WisdomTree U.S. Quality Growth Fund has a one year low of $37.29 and a one year high of $60.76. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 36.83 and a beta of 1.23. The company’s fifty day simple moving average is $56.86 and its two-hundred day simple moving average is $57.80.

About WisdomTree U.S. Quality Growth Fund

The Wisdomtree U.S. Quality Growth Fund (QGRW) is an exchange-traded fund that is based on the WisdomTree U.S. Quality Growth index. The fund tracks a market cap-weighted index of 100 large-cap growth companies in the US that exhibit the strongest quality characteristics relative to their peers. QGRW was launched on Dec 15, 2022 and is managed by WisdomTree.