WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) Sees Large Drop in Short Interest

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,281 shares, a decline of 74.3% from the May 14th total of 4,984 shares. Based on an average trading volume of 512 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.5% of the shares of the company are short sold.

WisdomTree High Income Laddered Municipal Fund Trading Down 0.2%

Shares of WisdomTree High Income Laddered Municipal Fund stock traded down $0.04 on Thursday, reaching $25.36. 156 shares of the stock were exchanged, compared to its average volume of 814. WisdomTree High Income Laddered Municipal Fund has a 1-year low of $24.58 and a 1-year high of $25.85. The business has a fifty day moving average price of $25.32 and a two-hundred day moving average price of $25.47.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WisdomTree High Income Laddered Municipal Fund stock. Flow Traders U.S. LLC bought a new position in shares of WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,113 shares of the company’s stock, valued at approximately $663,000. Flow Traders U.S. LLC owned 13.06% of WisdomTree High Income Laddered Municipal Fund at the end of the most recent quarter.

WisdomTree High Income Laddered Municipal Fund Company Profile

The WisdomTree High Income Laddered Municipal Fund is an actively managed exchange-traded fund (ETF) that seeks to generate a high level of current income exempt from federal income taxes. The fund employs a laddered maturity strategy, investing in both investment-grade and high-yield municipal debt securities with an average duration between five and ten years. It focuses on securities expected to mature or have an option to be called or tendered within 15 years.