WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) Shares Down 0.4% - Should You Sell?

WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD - Get Free Report) was down 0.4% during trading on Tuesday . The company traded as low as $21.98 and last traded at $22.04. Approximately 35,615 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 42,205 shares. The stock had previously closed at $22.13.

WisdomTree Interest Rate Hedged High Yield Bond Fund Price Performance

The stock's 50-day moving average is $21.84 and its 200 day moving average is $22.21.

WisdomTree Interest Rate Hedged High Yield Bond Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 27th were given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date was Tuesday, May 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HYZD. LPL Financial LLC grew its position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 38.7% in the 1st quarter. LPL Financial LLC now owns 1,017,141 shares of the company's stock valued at $22,265,000 after buying an additional 283,707 shares during the last quarter. Elevation Capital Advisory LLC purchased a new position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund in the 4th quarter valued at $6,279,000. GeoWealth Management LLC purchased a new position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund in the 4th quarter valued at $6,279,000. Vicus Capital purchased a new position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund in the 4th quarter valued at $2,536,000. Finally, Raymond James Financial Inc. acquired a new stake in WisdomTree Interest Rate Hedged High Yield Bond Fund during the 4th quarter worth $1,482,000.

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.