WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES) Stock Short Interest Declines 53.9%

by · The Markets Daily

WisdomTree U.S. SmallCap Dividend Fund (NYSEARCA:DES – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 19,569 shares, a decline of 53.9% from the September 30th total of 42,484 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 78,521 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new position in WisdomTree U.S. SmallCap Dividend Fund in the 1st quarter worth approximately $795,000. Kestra Advisory Services LLC grew its stake in shares of WisdomTree U.S. SmallCap Dividend Fund by 16.6% in the first quarter. Kestra Advisory Services LLC now owns 274,010 shares of the company’s stock worth $9,848,000 after acquiring an additional 38,937 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of WisdomTree U.S. SmallCap Dividend Fund in the first quarter worth $550,000. Ascentis Independent Advisors bought a new position in WisdomTree U.S. SmallCap Dividend Fund during the first quarter worth $42,000. Finally, Financial Advisory Partners LLC increased its position in WisdomTree U.S. SmallCap Dividend Fund by 7.2% during the first quarter. Financial Advisory Partners LLC now owns 53,193 shares of the company’s stock worth $1,912,000 after acquiring an additional 3,588 shares during the period.

WisdomTree U.S. SmallCap Dividend Fund Stock Down 0.8%

Shares of NYSEARCA DES traded down $0.30 during trading on Friday, reaching $39.21. 114,757 shares of the stock were exchanged, compared to its average volume of 123,915. The business’s 50-day moving average price is $39.14 and its 200 day moving average price is $38.49. WisdomTree U.S. SmallCap Dividend Fund has a twelve month low of $31.75 and a twelve month high of $41.85. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 13.64 and a beta of 0.90.

WisdomTree U.S. SmallCap Dividend Fund Company Profile

(Get Free Report)

WisdomTree SmallCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree SmallCap Dividend Index (the Index). The Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the United States dividend-paying market. The Index consists of companies that compose the bottom 25% of the market capitalization of the WisdomTree Dividend Index after the 300 largest companies have been removed.

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