WisdomTree Emerging Markets Quality Dividend Growth Fund (NASDAQ:DGRE) Sees Large Growth in Short Interest

WisdomTree Emerging Markets Quality Dividend Growth Fund (NASDAQ:DGRE) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,900 shares, an increase of 262.5% from the February 28th total of 800 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On WisdomTree Emerging Markets Quality Dividend Growth Fund

Several hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of WisdomTree Emerging Markets Quality Dividend Growth Fund during the 4th quarter valued at about $70,000. Exchange Capital Management Inc. grew its position in WisdomTree Emerging Markets Quality Dividend Growth Fund by 14.7% during the fourth quarter. Exchange Capital Management Inc. now owns 33,691 shares of the company’s stock valued at $843,000 after acquiring an additional 4,317 shares during the last quarter. Strive Asset Management LLC purchased a new position in shares of WisdomTree Emerging Markets Quality Dividend Growth Fund during the fourth quarter worth approximately $1,549,000. Finally, OLD Mission Capital LLC bought a new stake in shares of WisdomTree Emerging Markets Quality Dividend Growth Fund in the 4th quarter worth approximately $2,431,000.

WisdomTree Emerging Markets Quality Dividend Growth Fund Price Performance

DGRE stock traded down $0.36 during midday trading on Friday, reaching $24.41. The company had a trading volume of 8,513 shares, compared to its average volume of 18,208. The firm has a 50-day moving average price of $24.82 and a 200-day moving average price of $25.79. The company has a market capitalization of $129.37 million, a P/E ratio of 15.77 and a beta of 0.78. WisdomTree Emerging Markets Quality Dividend Growth Fund has a 1 year low of $23.80 and a 1 year high of $28.46.

WisdomTree Emerging Markets Quality Dividend Growth Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.38 dividend on an annualized basis and a yield of 1.56%.

About WisdomTree Emerging Markets Quality Dividend Growth Fund

The WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of dividend-paying emerging-market stocks with growth characteristics. The fund seeks income and capital appreciation. DGRE was launched on Aug 1, 2013 and is managed by WisdomTree.