WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) Short Interest Up 128.9% in August

WisdomTree New Economy Real Estate Fund (NYSEARCA:WTRE) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 31,259 shares, an increase of 128.9% from the July 30th total of 13,654 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average daily volume of 4,401 shares, the short-interest ratio is presently 7.1 days.

WisdomTree New Economy Real Estate Fund Stock Performance

WisdomTree New Economy Real Estate Fund stock traded down $0.43 during midday trading on Friday, reaching $23.61. The company’s stock had a trading volume of 4,069 shares, compared to its average volume of 3,833. The firm has a market capitalization of $15.35 million, a PE ratio of 1.27 and a beta of 1.07. WisdomTree New Economy Real Estate Fund has a fifty-two week low of $20.00 and a fifty-two week high of $28.95. The stock’s 50 day simple moving average is $24.33 and its 200 day simple moving average is $24.25.

Hedge Funds Weigh In On WisdomTree New Economy Real Estate Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in WisdomTree New Economy Real Estate Fund in the 1st quarter valued at about $34,000. Raymond James Financial Inc. acquired a new stake in shares of WisdomTree New Economy Real Estate Fund during the 2nd quarter worth about $74,000. Bank of America Corp DE grew its holdings in shares of WisdomTree New Economy Real Estate Fund by 8.0% during the second quarter. Bank of America Corp DE now owns 18,190 shares of the company’s stock worth $354,000 after buying an additional 1,344 shares in the last quarter. LPL Financial LLC grew its holdings in shares of WisdomTree New Economy Real Estate Fund by 50.7% during the fourth quarter. LPL Financial LLC now owns 21,233 shares of the company’s stock worth $452,000 after buying an additional 7,142 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of WisdomTree New Economy Real Estate Fund by 165.4% in the first quarter. Jane Street Group LLC now owns 47,029 shares of the company’s stock valued at $815,000 after buying an additional 29,311 shares during the last quarter. Institutional investors and hedge funds own 59.41% of the company’s stock.

About WisdomTree New Economy Real Estate Fund

The WisdomTree New Economy Real Estate ETF (WTRE) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a tier-weighted index of global real estate companies that have direct and\u002For indirect exposure to technology, sciences, or e-commerce. Holdings are selected based on a proprietary technology score and a leverage screening. WTRE was launched on Jun 5, 2007 and is managed by WisdomTree.