WisdomTree U.S. Multifactor Fund (BATS:USMF – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,183 shares, an increase of 595.8% from the June 30th total of 1,176 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 18,713 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On WisdomTree U.S. Multifactor Fund
Several large investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new stake in WisdomTree U.S. Multifactor Fund during the 4th quarter valued at approximately $105,000. Goldman Sachs Group Inc. purchased a new position in shares of WisdomTree U.S. Multifactor Fund in the first quarter worth $1,152,000. Jane Street Group LLC bought a new position in shares of WisdomTree U.S. Multifactor Fund during the first quarter worth $1,021,000. JPMorgan Chase & Co. boosted its position in shares of WisdomTree U.S. Multifactor Fund by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 19,018 shares of the company’s stock worth $975,000 after acquiring an additional 1,454 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in WisdomTree U.S. Multifactor Fund by 108,865.3% during the second quarter. NewEdge Advisors LLC now owns 81,724 shares of the company’s stock valued at $4,189,000 after acquiring an additional 81,649 shares in the last quarter.
WisdomTree U.S. Multifactor Fund Price Performance
USMF opened at $52.85 on Monday. The company has a 50 day simple moving average of $53.14 and a two-hundred day simple moving average of $51.76. The firm has a market cap of $421.74 million, a P/E ratio of 18.84 and a beta of 0.83. 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.
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