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

Key Points

• The WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) experienced a significant increase in short interest, rising 619.2% from 2,600 shares to 18,700 shares as of August 15th.
• The fund's stock price fell by 0.1% to $22.39, with a trading volume less than its average, indicating potential investor caution.
• Additionally, the fund recently cut its monthly dividend to $0.11 per share, reflecting a yield of 5.9% and signaling changes in financial strategy.

WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 18,700 shares, agrowthof619.2% from the July 31st total of 2,600 shares. Based on an average daily volume of 30,800 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 30,800 shares, the short-interest ratio is currently 0.6 days.

WisdomTree Interest Rate Hedged High Yield Bond Fund Stock Performance

NASDAQ:HYZD remained flat at $22.43 during trading hours on Friday. 12,701 shares of the company's stock traded hands, compared to its average volume of 43,163. WisdomTree Interest Rate Hedged High Yield Bond Fund has a 1 year low of $20.65 and a 1 year high of $22.71. The firm has a 50 day moving average price of $22.42 and a 200 day moving average price of $22.17.

WisdomTree Interest Rate Hedged High Yield Bond Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were paid a $0.11 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Wednesday, June 25th.

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

Several large investors have recently made changes to their positions in HYZD. B. Riley Wealth Advisors Inc. bought a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the second quarter worth $10,086,000. Geneos Wealth Management Inc. increased its position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 9.3% during the second quarter. Geneos Wealth Management Inc. now owns 9,014 shares of the company's stock worth $202,000 after acquiring an additional 766 shares in the last quarter. MML Investors Services LLC increased its position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 42.0% during the second quarter. MML Investors Services LLC now owns 64,804 shares of the company's stock worth $1,451,000 after acquiring an additional 19,168 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 6.8% during the second quarter. Raymond James Financial Inc. now owns 64,936 shares of the company's stock worth $1,454,000 after acquiring an additional 4,155 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the second quarter worth $117,000.

WisdomTree Interest Rate Hedged High Yield Bond Fund Company Profile

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.