Short Interest in WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) Increases By 56.8%

WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 13,800 shares, a growth of 56.8% from the May 15th total of 8,800 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On WisdomTree Interest Rate Hedged High Yield Bond Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA purchased a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund in the 4th quarter valued at approximately $134,000. Comerica Bank grew its position in WisdomTree Interest Rate Hedged High Yield Bond Fund by 1,145.5% in the first quarter. Comerica Bank now owns 7,747 shares of the company’s stock worth $170,000 after acquiring an additional 7,125 shares during the period. Atria Wealth Solutions Inc. purchased a new position in WisdomTree Interest Rate Hedged High Yield Bond Fund in the first quarter worth approximately $252,000. Legacy Capital Wealth Partners LLC acquired a new stake in WisdomTree Interest Rate Hedged High Yield Bond Fund during the fourth quarter worth $329,000. Finally, Moloney Securities Asset Management LLC raised its position in 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 valued at $469,000 after purchasing an additional 4,867 shares during the period.

WisdomTree Interest Rate Hedged High Yield Bond Fund Stock Up 0.2%

HYZD traded up $0.05 during trading on Monday, hitting $22.32. The company’s stock had a trading volume of 32,625 shares, compared to its average volume of 42,051. The business’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $22.19. WisdomTree Interest Rate Hedged High Yield Bond Fund has a twelve month low of $20.65 and a twelve month high of $22.71.

WisdomTree Interest Rate Hedged High Yield Bond Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 27th were paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Tuesday, May 27th.

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.