WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) Sees Large Decrease in Short Interest

WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 20,842 shares, a decrease of 44.7% from the July 30th total of 37,674 shares. Based on an average daily trading volume, of 9,014 shares, the short-interest ratio is currently 2.3 days. Approximately 0.4% of the company’s shares are short sold.

WisdomTree Emerging Markets Multifactor Fund Stock Performance

Shares of NYSEARCA EMMF traded down $0.10 during midday trading on Friday, reaching $38.35. 7,098 shares of the stock were exchanged, compared to its average volume of 16,725. The company has a 50 day simple moving average of $37.45 and a 200 day simple moving average of $36.47. The stock has a market capitalization of $180.25 million, a P/E ratio of 12.96 and a beta of 0.59. WisdomTree Emerging Markets Multifactor Fund has a twelve month low of $29.33 and a twelve month high of $40.96.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its stake in WisdomTree Emerging Markets Multifactor Fund by 59.3% during the second quarter. Osaic Holdings Inc. now owns 12,678 shares of the company’s stock worth $366,000 after acquiring an additional 4,718 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of WisdomTree Emerging Markets Multifactor Fund by 88,254.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,390 shares of the company’s stock worth $838,000 after purchasing an additional 27,359 shares during the period. Welch Financial Planning LLC purchased a new position in shares of WisdomTree Emerging Markets Multifactor Fund during the 4th quarter worth $3,765,000. Tidemark LLC increased its position in shares of WisdomTree Emerging Markets Multifactor Fund by 7.8% during the 4th quarter. Tidemark LLC now owns 245,585 shares of the company’s stock worth $7,746,000 after purchasing an additional 17,736 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of WisdomTree Emerging Markets Multifactor Fund by 6.1% during the 4th quarter. LPL Financial LLC now owns 287,437 shares of the company’s stock worth $9,066,000 after purchasing an additional 16,557 shares during the last quarter.

About WisdomTree Emerging Markets Multifactor Fund

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.