WisdomTree Investments (NASDAQ:WETF) encountered a rise of 1% or 282,454 shares in the short positions. The number escalated from 28,740,593 on May 31,2016 to 29,023,047 on June 15,2016. The final interest is 25.4% of the floated stock. The days to cover figure of 12 can be arrived using the average daily exchange of 2,348,686 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
WisdomTree Investments (NASDAQ:WETF): The stock opened at $10.00 on Friday but the bulls could not build on the opening and the stock topped out at $10.15 for the day. The stock traded down to $9.92 during the day, due to lack of any buying support eventually closed down at $9.94 with a loss of -8.47% for the day. The stock had closed at $10.86 on the previous day. The total traded volume was 7,518,208 shares.
The company shares have dropped -54.40% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $26.23 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $10.94 and the 200 Day Moving Average price is recorded at $12.22.
WisdomTree Investments (NASDAQ:WETF) has tumbled 7.28% during the past week and has dropped 19.51% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.74%. WisdomTree Investments (NASDAQ:WETF) has underperformed the index by 17.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
WisdomTree Investments, Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Companys family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company distributes its ETFs through all major channels within the asset management industry, including brokerage firms, registered investment advisers, institutional investors, private wealth managers and discount brokers. Most of its index-based funds employ a fundamental weighted investment methodology, which weights securities on the basis of factors, such as dividends or earnings, whereas most other ETF industry indexes use a capitalization weighted methodology. In addition, it also offers actively managed ETFs, which are ETFs that are not-based on a particular index but rather are actively managed with complete transparency into the ETFs portfolio on a daily basis.