WisdomTree Emerging Markets High Dividend Fund (NYSEARCA:DEM – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 50,358 shares, an increase of 126.8% from the August 15th total of 22,201 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 207,911 shares, the days-to-cover ratio is currently 0.2 days.
WisdomTree Emerging Markets High Dividend Fund Price Performance
Shares of NYSEARCA:DEM traded down $0.34 during midday trading on Tuesday, reaching $55.84. The company had a trading volume of 123,793 shares, compared to its average volume of 261,157. The stock’s fifty day moving average price is $54.65 and its 200-day moving average price is $53.20. The stock has a market capitalization of $4.06 billion, a P/E ratio of 9.40 and a beta of 0.56. WisdomTree Emerging Markets High Dividend Fund has a one year low of $44.23 and a one year high of $57.17.
Institutional Investors Weigh In On WisdomTree Emerging Markets High Dividend Fund
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in WisdomTree Emerging Markets High Dividend Fund by 19.6% in the first quarter. Bank of America Corp DE now owns 7,100,731 shares of the company’s stock worth $352,835,000 after purchasing an additional 1,165,485 shares during the period. Canandaigua National Bank & Trust Co. bought a new position in shares of WisdomTree Emerging Markets High Dividend Fund in the second quarter valued at approximately $14,569,000. Citadel Advisors LLC bought a new stake in WisdomTree Emerging Markets High Dividend Fund during the second quarter worth approximately $9,887,000. Nan Shan Life Insurance Co. Ltd. acquired a new stake in WisdomTree Emerging Markets High Dividend Fund in the second quarter worth approximately $9,144,000. Finally, Kestra Advisory Services LLC lifted its position in WisdomTree Emerging Markets High Dividend Fund by 39.2% in the first quarter. Kestra Advisory Services LLC now owns 445,572 shares of the company’s stock worth $22,140,000 after purchasing an additional 125,463 shares during the period. Institutional investors own 58.33% of the company’s stock.
About WisdomTree Emerging Markets High Dividend Fund
WisdomTree Emerging Markets Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Emerging Markets Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of the highest dividend yielding stocks selected from the WisdomTree Emerging Markets Dividend Index. At the index measurement date, companies within the WisdomTree Emerging Markets Dividend Index are ranked by dividend yield.
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