WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) Sees Large Drop in Short Interest

WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 2,573 shares, a decrease of 90.4% from the October 15th total of 26,814 shares. Based on an average daily trading volume, of 16,866 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On WisdomTree Emerging Markets Multifactor Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMMF. Kestra Advisory Services LLC increased its position in shares of WisdomTree Emerging Markets Multifactor Fund by 15.7% in the third quarter. Kestra Advisory Services LLC now owns 244,747 shares of the company’s stock worth $9,236,000 after purchasing an additional 33,301 shares during the last quarter. Welch Financial Planning LLC lifted its position in WisdomTree Emerging Markets Multifactor Fund by 14.5% during the third quarter. Welch Financial Planning LLC now owns 138,406 shares of the company’s stock valued at $5,223,000 after purchasing an additional 17,533 shares during the last quarter. United Advisor Group LLC grew its stake in WisdomTree Emerging Markets Multifactor Fund by 5.3% in the 3rd quarter. United Advisor Group LLC now owns 29,627 shares of the company’s stock worth $1,118,000 after buying an additional 1,489 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in WisdomTree Emerging Markets Multifactor Fund in the 1st quarter worth approximately $212,000. Finally, IFP Advisors Inc increased its holdings in shares of WisdomTree Emerging Markets Multifactor Fund by 24.6% in the 3rd quarter. IFP Advisors Inc now owns 2,859 shares of the company’s stock worth $108,000 after buying an additional 565 shares during the last quarter.

WisdomTree Emerging Markets Multifactor Fund Stock Performance

Shares of WisdomTree Emerging Markets Multifactor Fund stock traded down $0.16 during trading hours on Friday, reaching $34.00. The company’s stock had a trading volume of 16,656 shares, compared to its average volume of 16,513. The stock’s fifty day simple moving average is $36.77 and its two-hundred day simple moving average is $36.47. The company has a market capitalization of $176.78 million, a P/E ratio of 13.31 and a beta of 0.63. WisdomTree Emerging Markets Multifactor Fund has a one year low of $30.49 and a one year high of $40.96.

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.