Short Interest in WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) Grows By 15,553.5%

Key Points

• Short interest jumped 15,553.5% in February to 126,950 shares as of Feb. 27, but that equates to only about 0.4% of shares sold short and a days-to-cover of roughly 0.2 days given average volume.
• UNIY was essentially flat around $49.22, trading near its 50- and 200-day moving averages and within a one-year range of $47.70–$49.87.
• Hedge fund West Michigan Advisors slightly raised its stake to 18,420 shares (about 0.06% of the fund), valued at roughly $904,000.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY - ) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 126,950 shares, an increase of 15,553.5% from the February 12th total of 811 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 552,794 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 552,794 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Stock Up 0.0%

UNIY traded up $0.01 during midday trading on Tuesday, reaching $49.22. 144 shares of the company's stock were exchanged, compared to its average volume of 59,953. The business has a 50-day simple moving average of $49.21 and a two-hundred day simple moving average of $49.28. WisdomTree Voya Yield Enhanced USD Universal Bond Fund has a one year low of $47.70 and a one year high of $49.87.

Institutional Trading of WisdomTree Voya Yield Enhanced USD Universal Bond Fund

A hedge fund recently raised its stake in WisdomTree Voya Yield Enhanced USD Universal Bond Fund stock. West Michigan Advisors LLC grew its position in shares of WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,420 shares of the company's stock after buying an additional 763 shares during the quarter. West Michigan Advisors LLC owned approximately 0.06% of WisdomTree Voya Yield Enhanced USD Universal Bond Fund worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

About WisdomTree Voya Yield Enhanced USD Universal Bond Fund

The WisdomTree Voya Yield Enhanced USD Universal Bond Fund ETF (UNIY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is passively managed to hold a broad portfolio of USD-denominated bonds of various credit quality and maturity. The index uses a tier-weighting methodology that weights a portion of the portfolio for enhanced yield. UNIY was launched on Feb 7, 2023 and is managed 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.