WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) Short Interest Up 213.8% in August

WisdomTree Efficient Gold Plus Equity Strategy Fund (BATS:GDE) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 23,529 shares, a growth of 213.8% from the August 15th total of 7,499 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 76,277 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in WisdomTree Efficient Gold Plus Equity Strategy Fund by 1.7% during the first quarter. Royal Bank of Canada now owns 16,674 shares of the company’s stock valued at $684,000 after acquiring an additional 277 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund during the 2nd quarter valued at about $1,661,000. Osaic Holdings Inc. boosted its position in shares of WisdomTree Efficient Gold Plus Equity Strategy Fund by 47.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,157 shares of the company’s stock valued at $149,000 after purchasing an additional 1,022 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in WisdomTree Efficient Gold Plus Equity Strategy Fund during the third quarter worth approximately $221,000. Finally, SFG Wealth Management LLC. acquired a new stake in WisdomTree Efficient Gold Plus Equity Strategy Fund during the third quarter worth approximately $1,957,000.

WisdomTree Efficient Gold Plus Equity Strategy Fund Stock Performance

Shares of GDE stock traded down $1.44 on Monday, hitting $65.02. The company had a trading volume of 28,691 shares, compared to its average volume of 133,606. The firm has a market cap of $334.83 million, a P/E ratio of 25.53 and a beta of 1.00. The stock’s 50-day moving average is $65.23 and its two-hundred day moving average is $65.96. WisdomTree Efficient Gold Plus Equity Strategy Fund has a twelve month low of $53.76 and a twelve month high of $78.89.

About WisdomTree Efficient Gold Plus Equity Strategy Fund

The WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed to provide leveraged exposure, in approximately equal proportion, to US-listed gold futures and US large-cap equities. GDE was launched on Mar 17, 2022 and is managed by WisdomTree.