Perilous Reversal Watch: WisdomTree Investments (WETF)

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Trade-Ideas LLC identified WisdomTree Investments ( WETF) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified WisdomTree Investments as such a stock due to the following factors:

  • WETF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.8 million.
  • WETF has traded 721,410 shares today.
  • WETF is down 3% today.
  • WETF was up 5.2% yesterday.

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More details on WETF:

WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The stock currently has a dividend yield of 1.6%. WETF has a PE ratio of 67. Currently there are 5 analysts that rate WisdomTree Investments a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for WisdomTree Investments has been 2.3 million shares per day over the past 30 days. WisdomTree Investments has a market cap of $2.8 billion and is part of the financial sector and financial services industry. The stock has a beta of 3.15 and a short float of 6.5% with 3.54 days to cover. Shares are up 38.8% year-to-date as of the close of trading on Wednesday.

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