WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY – Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 4,984 shares, an increase of 19,836.0% from the April 30th total of 25 shares. Based on an average trading volume of 886 shares, the short-interest ratio is currently 5.6 days. Approximately 2.1% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in WisdomTree High Income Laddered Municipal Fund stock. Flow Traders U.S. LLC bought a new position in WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,113 shares of the company’s stock, valued at approximately $663,000. Flow Traders U.S. LLC owned about 13.06% of WisdomTree High Income Laddered Municipal Fund at the end of the most recent quarter.
WisdomTree High Income Laddered Municipal Fund Price Performance
Shares of WisdomTree High Income Laddered Municipal Fund stock traded up $0.14 during trading on Wednesday, hitting $25.26. 3,813 shares of the company’s stock traded hands, compared to its average volume of 881. The firm’s fifty day moving average price is $25.30 and its 200 day moving average price is $25.48. WisdomTree High Income Laddered Municipal Fund has a twelve month low of $24.58 and a twelve month high of $25.85.
About WisdomTree High Income Laddered Municipal Fund
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.
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