WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ: UNIY) experienced a significant increase in trading volume, with approximately 899,039 shares traded, marking a % increase of 2,653% from the prior session.
• The fund announced a monthly dividend of $0.205, resulting in an annualized dividend of $2.46 and a yield of 5.07%, set to be paid on July 30th.
• Institutional investor West Michigan Advisors LLC increased its holdings in UNIY by 54.1%, acquiring an additional 3,805 shares during the first quarter.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY - Get Free Report) shares saw strong trading volume on Wednesday . 899,039 shares were traded during trading, an increase of 2,653% from the previous session's volume of 32,662 shares.The stock last traded at $48.45 and had previously closed at $48.31.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Price Performance

The stock's 50-day simple moving average is $48.36 and its 200 day simple moving average is $48.32.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, July 28th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Hedge Funds Weigh In On WisdomTree Voya Yield Enhanced USD Universal Bond Fund

A hedge fund recently raised its stake in WisdomTree Voya Yield Enhanced USD Universal Bond Fund stock. West Michigan Advisors LLC increased its position in WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY - Free Report) by 54.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,833 shares of the company's stock after purchasing an additional 3,805 shares during the quarter. West Michigan Advisors LLC's holdings in WisdomTree Voya Yield Enhanced USD Universal Bond Fund were worth $526,000 at the end of the most recent quarter.

About WisdomTree Voya Yield Enhanced USD Universal Bond Fund

The WisdomTree Voya Yield Enhanced USD Universal Bond Fund ETF (UNIY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is passively managed to hold a broad portfolio of USD-denominated bonds of various credit quality and maturity. The index uses a tier-weighting methodology that weights a portion of the portfolio for enhanced yield.