WisdomTree U.S. SmallCap Quality Dividend Growth Fund (NASDAQ:DGRS) Sees Large Drop in Short Interest

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (NASDAQ:DGRS) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 23,500 shares, a drop of 22.4% from the February 28th total of 30,300 shares. Based on an average daily volume of 59,200 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

WisdomTree U.S. SmallCap Quality Dividend Growth Fund Trading Up 0.9 %

DGRS stock traded up $0.44 during trading on Wednesday, hitting $47.17. The company had a trading volume of 7,352 shares, compared to its average volume of 38,172. WisdomTree U.S. SmallCap Quality Dividend Growth Fund has a fifty-two week low of $45.79 and a fifty-two week high of $57.15. The firm has a market capitalization of $422.17 million, a price-to-earnings ratio of 13.69 and a beta of 1.12. The business has a 50 day moving average of $49.44 and a 200 day moving average of $51.37.

WisdomTree U.S. SmallCap Quality Dividend Growth Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $2.46 annualized dividend and a yield of 5.22%. This is a boost from WisdomTree U.S. SmallCap Quality Dividend Growth Fund’s previous monthly dividend of $0.04.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DGRS. ORG Partners LLC bought a new stake in WisdomTree U.S. SmallCap Quality Dividend Growth Fund during the fourth quarter worth approximately $40,000. Jones Financial Companies Lllp lifted its position in shares of WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 39.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,235 shares of the company’s stock valued at $63,000 after acquiring an additional 350 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of WisdomTree U.S. SmallCap Quality Dividend Growth Fund during the 4th quarter worth $108,000. Janney Montgomery Scott LLC purchased a new position in shares of WisdomTree U.S. SmallCap Quality Dividend Growth Fund in the fourth quarter worth approximately $207,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of WisdomTree U.S. SmallCap Quality Dividend Growth Fund by 64.8% during the third quarter. Sunbelt Securities Inc. now owns 5,925 shares of the company’s stock valued at $305,000 after acquiring an additional 2,330 shares during the period.

WisdomTree U.S. SmallCap Quality Dividend Growth Fund Company Profile

The WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a dividend-weighted index of US small-cap stocks with growth characteristics. DGRS was launched on Jul 25, 2013 and is managed by WisdomTree.