The WisdomTree International Multifactor Fund, trading under the ticker DWMF, experienced a notable reduction in short interest throughout July, signaling shifting market dynamics for the exchange-traded fund. As of July 15th, the total short interest in DWMF stood at a mere 400 shares, representing a substantial 33.3% decline from the 600 shares reported on June 30th.
This significant drop in short interest is a key indicator for investors, often suggesting a decrease in bearish sentiment towards a stock. With an average daily trading volume of 5,600 shares, the current short-interest ratio for DWMF is remarkably low at just 0.1 days, indicating that it would take less than a quarter of a day for short sellers to cover their positions, highlighting robust liquidity and limited short pressure on the ETF.
Analyzing its recent stock market trends, the WisdomTree International Multifactor Fund opened at $31.01 on a recent Friday. The fund’s fifty-day moving average price is currently $31.45, while its two-hundred-day moving average price sits at $29.80, providing a technical snapshot of its performance over different time horizons.
Further financial analysis reveals the fund’s historical performance and valuation metrics. DWMF has traded within a one-year low of $25.70 and a one-year high of $31.90. The firm boasts a market capitalization of $37.21 million, alongside a price-to-earnings (PE) ratio of 14.39 and a beta of 0.59, suggesting its volatility relative to the broader market.
Recent investment news shows various hedge funds and institutional investors have adjusted their stakes in DWMF. LPL Financial LLC, for instance, significantly boosted its holdings in the fund by 3.8% during the fourth quarter, now owning 154,920 shares valued at $4,171,000 after acquiring an additional 5,676 shares.
Other prominent firms have also made strategic moves. Susquehanna International Group LLP increased its position in the WisdomTree International Multifactor Fund by 5.8% in the fourth quarter, accumulating 67,796 shares worth $1,825,000. SK Wealth Management LLC made an even more aggressive move, raising its position by an impressive 311.9% in the second quarter, bringing its total to 47,848 shares valued at $1,508,000.
Continuing the trend of institutional interest, Stratos Wealth Partners LTD. elevated its position by 20.4% in the first quarter, now holding 24,997 shares worth $730,000. Similarly, Envestnet Asset Management Inc. expanded its presence in the fund by 18.9% during the first quarter, now owning 17,457 shares valued at $510,000, underscoring a broad institutional confidence in DWMF.
The WisdomTree International Multifactor Fund is structured as an actively managed exchange-traded fund, primarily focused on total market equity. Its investment strategy targets equities from developed market economies, specifically excluding the US and Canada, employing a proprietary methodology that leverages various style factors to select its holdings, making it a unique player in the international ETF landscape.
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