WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) Shares Up 0.1% - Time to Buy?

Key Points

• The WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) saw its stock price increase by 0.1% during mid-day trading, reaching a last trade of $22.58 with an increased trading volume of 59,826 shares.
• Recently, the fund announced a monthly dividend of $0.11, with a yield of 5.8%, signaling a decrease compared to previous dividends.
• Several institutional investors have significantly increased their positions in HYZD, including B. Riley Wealth Advisors Inc. which acquired a stake valued at $10,086,000.

WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD - Get Free Report) traded up 0.1% on Tuesday . The company traded as high as $22.65 and last traded at $22.58. 59,826 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 43,042 shares. The stock had previously closed at $22.56.

WisdomTree Interest Rate Hedged High Yield Bond Fund Price Performance

The business's 50-day moving average price is $22.44 and its two-hundred day moving average price is $22.19.

WisdomTree Interest Rate Hedged High Yield Bond Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date was Wednesday, June 25th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings 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 worth $4,682,000 after buying an additional 24,568 shares in the last quarter. United Advisor Group LLC bought a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund in the fourth quarter worth $494,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 8.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 62,683 shares of the company's stock worth $1,394,000 after purchasing an additional 4,703 shares during the last quarter. Oregon Pacific Wealth Management LLC grew its stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 4.3% in the first quarter. Oregon Pacific Wealth Management LLC now owns 22,312 shares of the company's stock worth $488,000 after purchasing an additional 924 shares during the last quarter. Finally, Moloney Securities Asset Management LLC grew its stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 29.4% in the first quarter. Moloney Securities Asset Management LLC now owns 21,412 shares of the company's stock worth $469,000 after purchasing an additional 4,867 shares during the last quarter.

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.