Short Interest in WisdomTree Bianco Total Return Fund (NASDAQ:WTBN) Increases By 325.8%

Key Points

• Short interest jumped 325.8% in February, rising to 6,774 shares for WisdomTree Bianco Total Return Fund (NASDAQ:WTBN) as of Feb. 27 from 1,591 on Feb. 12.
• Despite the surge, short positions equal only about 0.2% of shares and the short-interest ratio is low at 0.6 days based on average daily volume, limiting immediate squeeze risk.
• Institutional flows remain strong—Envestnet Asset Management boosted its stake 83.7% to 217,621 shares (~$5.54M) and Thrivent opened a large new position (~$46.3M), highlighting demand for the fund launched on Dec. 20, 2023.

WisdomTree Bianco Total Return Fund (NASDAQ:WTBN - ) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 6,774 shares, an increase of 325.8% from the February 12th total of 1,591 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 11,116 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 11,116 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

WisdomTree Bianco Total Return Fund Price Performance

Shares of WTBN stock opened at $25.55 on Wednesday. WisdomTree Bianco Total Return Fund has a 12-month low of $24.56 and a 12-month high of $26.00. The business has a 50 day simple moving average of $25.56 and a 200 day simple moving average of $25.66.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WTBN. Envestnet Asset Management Inc. increased its holdings in shares of WisdomTree Bianco Total Return Fund by 83.7% during the second quarter. Envestnet Asset Management Inc. now owns 217,621 shares of the company's stock valued at $5,538,000 after purchasing an additional 99,140 shares during the period. JPMorgan Chase & Co. bought a new position in WisdomTree Bianco Total Return Fund in the 2nd quarter valued at about $62,000. Steward Partners Investment Advisory LLC raised its position in shares of WisdomTree Bianco Total Return Fund by 14,761.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 14,861 shares of the company's stock worth $378,000 after buying an additional 14,761 shares in the last quarter. Park Edge Advisors LLC lifted its stake in shares of WisdomTree Bianco Total Return Fund by 8.4% in the 3rd quarter. Park Edge Advisors LLC now owns 169,584 shares of the company's stock worth $4,352,000 after acquiring an additional 13,126 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in shares of WisdomTree Bianco Total Return Fund in the third quarter valued at approximately $46,264,000.

WisdomTree Bianco Total Return Fund Company Profile

The WisdomTree Bianco Total Return Fund (WTBN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a passively managed fund-of-funds, aiming to outperform index-based core fixed income ETFs. The underlying index is constructed utilizing fundamental, rules-based research to select and weight components among broad fixed income exposure globally. WTBN was launched on Dec 20, 2023 and is issued by WisdomTree.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.