WisdomTree U.S. Multifactor Fund (BATS:USMF) Stock Short Interest Declines 48.2%

WisdomTree U.S. Multifactor Fund (BATS:USMF) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 4,753 shares, a decline of 48.2% from the September 30th total of 9,171 shares. Based on an average daily trading volume, of 21,589 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On WisdomTree U.S. Multifactor Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in WisdomTree U.S. Multifactor Fund by 39.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,594 shares of the company’s stock valued at $900,000 after purchasing an additional 4,679 shares during the last quarter. Royal Bank of Canada boosted its position in WisdomTree U.S. Multifactor Fund by 99.4% during the first quarter. Royal Bank of Canada now owns 2,163 shares of the company’s stock worth $107,000 after purchasing an additional 1,078 shares during the period. WealthPoint Financial LLC increased its holdings in shares of WisdomTree U.S. Multifactor Fund by 7.7% in the first quarter. WealthPoint Financial LLC now owns 20,266 shares of the company’s stock valued at $1,001,000 after purchasing an additional 1,456 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of WisdomTree U.S. Multifactor Fund by 3.8% in the first quarter. World Equity Group Inc. now owns 6,095 shares of the company’s stock valued at $301,000 after purchasing an additional 225 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of WisdomTree U.S. Multifactor Fund by 76.1% in the first quarter. Kestra Advisory Services LLC now owns 13,340 shares of the company’s stock valued at $659,000 after purchasing an additional 5,765 shares during the last quarter.

WisdomTree U.S. Multifactor Fund Trading Down 2.0%

BATS USMF opened at $51.32 on Friday. The firm has a market capitalization of $409.53 million, a P/E ratio of 18.84 and a beta of 0.83. The firm’s fifty day moving average price is $52.56 and its two-hundred day moving average price is $52.12. WisdomTree U.S. Multifactor Fund has a 1 year low of $48.40 and a 1 year high of $54.67.

WisdomTree U.S. Multifactor Fund Company Profile

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.