WisdomTree Emerging Markets Multifactor Fund (NYSEARCA:EMMF – Get Free Report) was the target of a large drop in short interest in 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 stock are sold short. Based on an average daily volume of 18,068 shares, the days-to-cover ratio is currently 0.5 days.
WisdomTree Emerging Markets Multifactor Fund Trading Down 2.1%
WisdomTree Emerging Markets Multifactor Fund stock traded down $0.83 during mid-day trading on Wednesday, hitting $37.80. 14,100 shares of the company’s stock were exchanged, compared to its average volume of 18,091. The stock has a market cap of $177.66 million, a P/E ratio of 12.96 and a beta of 0.57. The stock has a 50 day moving average of $38.05 and a two-hundred day moving average of $35.18. WisdomTree Emerging Markets Multifactor Fund has a 1-year low of $28.40 and a 1-year high of $40.96.
Institutional Trading of WisdomTree Emerging Markets Multifactor Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in shares of WisdomTree Emerging Markets Multifactor Fund by 59.3% during 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. JPMorgan Chase & Co. grew its holdings in shares of WisdomTree Emerging Markets Multifactor Fund by 88,254.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,390 shares of the company’s stock worth $838,000 after purchasing an additional 27,359 shares during the last quarter. BridgePort Financial Solutions LLC increased its holdings in shares of WisdomTree Emerging Markets Multifactor Fund by 3.5% during the fourth quarter. BridgePort Financial Solutions LLC now owns 85,085 shares of the company’s stock worth $2,684,000 after buying an additional 2,861 shares in the last quarter. Trilogy Capital Inc. raised its position in WisdomTree Emerging Markets Multifactor Fund by 1.5% in the 4th quarter. Trilogy Capital Inc. now owns 1,786,053 shares of the company’s stock valued at $56,332,000 after purchasing an additional 27,070 shares during the last quarter. Finally, CWM LLC lifted its position in WisdomTree Emerging Markets Multifactor Fund by 99.2% during the 4th quarter. CWM LLC now owns 249,687 shares of the company’s stock worth $7,875,000 after buying an additional 124,372 shares in the last quarter.
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.
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