WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Stock Short Interest Jumps 113.2%

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 210,685 shares, an increase of 113.2% from the September 30th total of 98,805 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 350,555 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On WisdomTree U.S. Quality Growth Fund

A number of hedge funds have recently made changes to their positions in the stock. Retirement Planning Group LLC acquired a new position in shares of WisdomTree U.S. Quality Growth Fund in the third quarter worth approximately $316,862,000. Bank of America Corp DE increased its position in WisdomTree U.S. Quality Growth Fund by 29.5% during the 1st quarter. Bank of America Corp DE now owns 2,039,375 shares of the company’s stock valued at $108,964,000 after purchasing an additional 464,860 shares during the period. RVW Wealth LLC increased its position in shares of WisdomTree U.S. Quality Growth Fund by 4.1% during the third quarter. RVW Wealth LLC now owns 1,117,209 shares of the company’s stock worth $76,730,000 after buying an additional 43,967 shares during the period. Private Advisor Group LLC increased its position in shares of WisdomTree U.S. Quality Growth Fund by 12.9% during the first quarter. Private Advisor Group LLC now owns 1,302,260 shares of the company’s stock worth $69,580,000 after buying an additional 148,785 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of WisdomTree U.S. Quality Growth Fund by 41.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,021,046 shares of the company’s stock worth $54,554,000 after buying an additional 297,582 shares during the period.

WisdomTree U.S. Quality Growth Fund Stock Down 2.8%

QGRW traded down $1.84 during midday trading on Friday, hitting $64.56. 314,593 shares of the company were exchanged, compared to its average volume of 315,943. The firm has a market capitalization of $3.13 billion, a P/E ratio of 36.83 and a beta of 1.31. WisdomTree U.S. Quality Growth Fund has a 1-year low of $50.94 and a 1-year high of $71.12. The firm’s 50 day moving average price is $67.86 and its 200-day moving average price is $63.13.

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.