WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) Short Interest Up 307.4% in March

WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 310,000 shares, a growth of 307.4% from the March 15th total of 76,100 shares. Based on an average trading volume of 703,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

WisdomTree U.S. Quality Dividend Growth Fund Stock Down 1.8 %

NASDAQ:DGRW traded down $1.35 during trading hours on Wednesday, hitting $75.01. 548,381 shares of the company’s stock traded hands, compared to its average volume of 584,010. WisdomTree U.S. Quality Dividend Growth Fund has a 52 week low of $69.84 and a 52 week high of $85.89. The firm has a market cap of $13.93 billion, a P/E ratio of 21.17 and a beta of 0.88. The business’s fifty day simple moving average is $80.06 and its two-hundred day simple moving average is $82.15.

WisdomTree U.S. Quality Dividend Growth Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This is a boost from WisdomTree U.S. Quality Dividend Growth Fund’s previous monthly dividend of $0.11. This represents a $1.86 annualized dividend and a dividend yield of 2.48%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in WisdomTree U.S. Quality Dividend Growth Fund by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,089,313 shares of the company’s stock valued at $1,544,898,000 after acquiring an additional 212,256 shares in the last quarter. LPL Financial LLC raised its stake in WisdomTree U.S. Quality Dividend Growth Fund by 7.1% during the 4th quarter. LPL Financial LLC now owns 11,999,767 shares of the company’s stock worth $971,141,000 after acquiring an additional 793,206 shares during the period. Ameriprise Financial Inc. boosted its holdings in WisdomTree U.S. Quality Dividend Growth Fund by 3.0% in the 4th quarter. Ameriprise Financial Inc. now owns 6,333,811 shares of the company’s stock worth $512,556,000 after buying an additional 182,730 shares during the period. Raymond James Financial Inc. bought a new stake in WisdomTree U.S. Quality Dividend Growth Fund during the 4th quarter valued at approximately $292,520,000. Finally, Private Advisor Group LLC boosted its position in shares of WisdomTree U.S. Quality Dividend Growth Fund by 86.9% during the fourth quarter. Private Advisor Group LLC now owns 2,732,198 shares of the company’s stock worth $221,117,000 after acquiring an additional 1,269,967 shares during the last quarter.

About WisdomTree U.S. Quality Dividend Growth Fund

The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks the performance of an index that invests in large- and mid-cap dividend-paying US common stocks with growth characteristics. DGRW was launched on May 22, 2013 and is managed by WisdomTree.