WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) Sees Large 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 - ) saw 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 days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 0.6 days.

WisdomTree Interest Rate Hedged High Yield Bond Fund Stock Down 0.1%

Shares of NASDAQ HYZD traded down $0.03 during midday trading on Tuesday, hitting $22.39. 26,293 shares of the company's stock were exchanged, compared to its average volume of 43,558. WisdomTree Interest Rate Hedged High Yield Bond Fund has a 12-month low of $20.65 and a 12-month high of $22.71. The business's fifty day moving average price is $22.42 and its two-hundred day moving average price is $22.17.

WisdomTree Interest Rate Hedged High Yield Bond Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HYZD. Jane Street Group LLC purchased a new stake in WisdomTree Interest Rate Hedged High Yield Bond Fund in the fourth quarter worth approximately $1,229,000. Ameriprise Financial Inc. boosted its stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 13.2% during the fourth quarter. Ameriprise Financial Inc. now owns 210,502 shares of the company's stock valued at $4,682,000 after purchasing an additional 24,568 shares during the period. United Advisor Group LLC purchased a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the fourth quarter valued at approximately $494,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 8.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 62,683 shares of the company's stock valued at $1,394,000 after purchasing an additional 4,703 shares during the period. Finally, Oregon Pacific Wealth Management LLC boosted its stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 4.3% during the first quarter. Oregon Pacific Wealth Management LLC now owns 22,312 shares of the company's stock valued at $488,000 after purchasing an additional 924 shares during the period.

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.

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