WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) Sees Large Decline in Short Interest

Key Points

• WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) experienced a dramatic 77.6% decline in short interest from September 15th to September 30th, with total short interest dropping to 10,400 shares.
• Institutional investors have shown increased interest, as multiple hedge funds acquired new stakes and existing investors like Comerica Bank significantly expanded their holdings in the fund.
• The fund's stock opened at $22.43, slightly below its 50-day moving average of $22.48, and it has a 12-month trading range between $20.65 and $22.76.

WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD - ) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 10,400 shares, a decline of 77.6% from the September 15th total of 46,500 shares. Based on an average daily trading volume, of 34,400 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 34,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On WisdomTree Interest Rate Hedged High Yield Bond Fund

Hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the 2nd quarter valued at $52,000. NewEdge Advisors LLC bought a new stake in WisdomTree Interest Rate Hedged High Yield Bond Fund during the second quarter valued at about $117,000. Comerica Bank grew its holdings in WisdomTree Interest Rate Hedged High Yield Bond Fund by 1,145.5% during the first quarter. Comerica Bank now owns 7,747 shares of the company's stock valued at $170,000 after purchasing an additional 7,125 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 9.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,014 shares of the company's stock valued at $202,000 after acquiring an additional 766 shares during the period. Finally, HHM Wealth Advisors LLC bought a new position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the 2nd quarter valued at approximately $231,000.

WisdomTree Interest Rate Hedged High Yield Bond Fund Stock Performance

Shares of NASDAQ HYZD opened at $22.43 on Friday. The firm has a 50 day moving average of $22.48 and a 200 day moving average of $22.23. WisdomTree Interest Rate Hedged High Yield Bond Fund has a 12-month low of $20.65 and a 12-month high of $22.76.

About WisdomTree Interest Rate Hedged High Yield Bond Fund

The WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a long\u002Fshort net-zero duration bond index that's long US high-yield issues and short Treasury futures. HYZD was launched on Dec 18, 2013 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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.