WisdomTree U.S. Multifactor Fund (BATS:USMF) Short Interest Up 595.8% in July

WisdomTree U.S. Multifactor Fund (BATS:USMF) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 8,183 shares, an increase of 595.8% from the June 30th total of 1,176 shares. Based on an average trading volume of 18,713 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of WisdomTree U.S. Multifactor Fund

A number of institutional investors and hedge funds have recently bought and sold shares of USMF. Bank of America Corp DE purchased a new position in WisdomTree U.S. Multifactor Fund in the fourth quarter worth about $105,000. Royal Bank of Canada lifted its stake in shares of WisdomTree U.S. Multifactor Fund by 99.4% in the first quarter. Royal Bank of Canada now owns 2,163 shares of the company’s stock worth $107,000 after buying an additional 1,078 shares in the last quarter. Swmg LLC purchased a new stake in shares of WisdomTree U.S. Multifactor Fund during the fourth quarter valued at approximately $203,000. FMA Wealth Management LLC purchased a new stake in shares of WisdomTree U.S. Multifactor Fund during the third quarter valued at approximately $210,000. Finally, Jane Street Group LLC bought a new stake in shares of WisdomTree U.S. Multifactor Fund during the fourth quarter valued at approximately $250,000.

WisdomTree U.S. Multifactor Fund Price Performance

Shares of BATS:USMF opened at $52.85 on Friday. The business has a fifty day moving average price of $53.14 and a 200-day moving average price of $51.76. The company has a market capitalization of $421.74 million, a PE ratio of 18.84 and a beta of 0.83. WisdomTree U.S. Multifactor Fund has a 1-year low of $48.40 and a 1-year high of $54.67.

About WisdomTree U.S. Multifactor Fund

The WisdomTree U.S. Multifactor Fund (USMF) is an exchange-traded fund that is based on the WisdomTree U.S. Multifactor index. The fund tracks an index of 200 US-listed equities. Stocks are selected and weighted by a combination of investment factors. USMF was launched on Jun 29, 2017 and is managed by WisdomTree.