WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) Short Interest Down 62.7% in May

WisdomTree U.S. Quality Growth Fund (NYSEARCA:QGRW) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 39,824 shares, a drop of 62.7% from the April 30th total of 106,768 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 366,422 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On WisdomTree U.S. Quality Growth Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in WisdomTree U.S. Quality Growth Fund in the 1st quarter valued at about $814,000. Jane Street Group LLC purchased a new position in WisdomTree U.S. Quality Growth Fund in the first quarter worth approximately $533,000. JPMorgan Chase & Co. increased its stake in WisdomTree U.S. Quality Growth Fund by 8.1% during the second quarter. JPMorgan Chase & Co. now owns 2,605 shares of the company’s stock worth $137,000 after acquiring an additional 195 shares during the last quarter. Bank of America Corp DE raised its position in WisdomTree U.S. Quality Growth Fund by 7.0% in the second quarter. Bank of America Corp DE now owns 638,317 shares of the company’s stock valued at $33,544,000 after purchasing an additional 41,521 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its stake in shares of WisdomTree U.S. Quality Growth Fund by 2.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 17,801 shares of the company’s stock valued at $935,000 after purchasing an additional 363 shares during the last quarter.

WisdomTree U.S. Quality Growth Fund Stock Performance

Shares of QGRW stock opened at $67.69 on Friday. WisdomTree U.S. Quality Growth Fund has a fifty-two week low of $48.43 and a fifty-two week high of $67.89. The firm has a market capitalization of $2.51 billion, a PE ratio of 36.83 and a beta of 1.29. The stock’s 50-day simple moving average is $60.23 and its 200-day simple moving average is $58.83.

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.