Short Interest in WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) Decreases By 41.1%

WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 8,799 shares, a drop of 41.1% from the May 31st total of 14,946 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 18,068 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of WisdomTree Emerging Markets Multifactor Fund

Hedge funds have recently added to or reduced their stakes in the business. Gateway Wealth Partners LLC purchased a new position in WisdomTree Emerging Markets Multifactor Fund during the 1st quarter valued at about $212,000. Osaic Holdings Inc. lifted its position in shares of WisdomTree Emerging Markets Multifactor Fund by 59.3% in the 2nd quarter. Osaic Holdings Inc. now owns 12,678 shares of the company’s stock worth $366,000 after purchasing an additional 4,718 shares during the period. United Advisor Group LLC lifted its position in shares of WisdomTree Emerging Markets Multifactor Fund by 149.3% in the 4th quarter. United Advisor Group LLC now owns 20,985 shares of the company’s stock worth $662,000 after purchasing an additional 12,568 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of WisdomTree Emerging Markets Multifactor Fund by 88,254.8% during the third quarter. JPMorgan Chase & Co. now owns 27,390 shares of the company’s stock valued at $838,000 after purchasing an additional 27,359 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of WisdomTree Emerging Markets Multifactor Fund during the fourth quarter valued at approximately $982,000.

WisdomTree Emerging Markets Multifactor Fund Price Performance

Shares of EMMF stock remained flat at $37.50 during mid-day trading on Friday. The company’s stock had a trading volume of 8,698 shares, compared to its average volume of 18,016. WisdomTree Emerging Markets Multifactor Fund has a twelve month low of $28.40 and a twelve month high of $40.96. The firm has a market capitalization of $176.25 million, a price-to-earnings ratio of 12.96 and a beta of 0.58. The stock has a 50-day moving average of $38.08 and a 200-day moving average of $35.22.

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.