WisdomTree Investments (WETF) : The highest level WisdomTree Investments (WETF) is projected to reach is $13 for the short term and the lowest estimate is at $9. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $10.75 and the possibility the share price can swing is $1.71.
The short interest in WisdomTree Investments (WETF) has increased from 29,023,047 on June 15,2016 to 30,922,523 on June 30,2016. The change was measured at 1,899,476 shares or 6.5%. The leftover shorts were 27% of the floated shares. The days to cover are 9, given the average daily volume of 3,502,843 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of WisdomTree Investments (NASDAQ:WETF). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 28, 2016.
WisdomTree Investments (NASDAQ:WETF): stock turned positive on Thursday. Though the stock opened at $11.12, the bulls momentum made the stock top out at $11.47 level for the day. The stock recorded a low of $11.02 and closed the trading day at $11.25, in the green by 3.21%. The total traded volume for the day was 3,509,834. The stock had closed at $10.9 in the previous days trading.
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.