WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) Sees Significant Growth in Short Interest

WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 42,703 shares, an increase of 289.1% from the May 31st total of 10,975 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 64,091 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 24.4% in the 1st quarter. Cetera Investment Advisers now owns 191,434 shares of the company’s stock worth $4,213,000 after acquiring an additional 37,557 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the 1st quarter valued at approximately $2,126,000. Fifth Third Bancorp bought a new position in WisdomTree Interest Rate Hedged High Yield Bond Fund during the first quarter worth $182,000. Kestra Advisory Services LLC lifted its stake in WisdomTree Interest Rate Hedged High Yield Bond Fund by 7.3% during the first quarter. Kestra Advisory Services LLC now owns 139,173 shares of the company’s stock worth $3,063,000 after purchasing an additional 9,484 shares during the last quarter. Finally, Columbia Advisory Partners LLC acquired a new position in WisdomTree Interest Rate Hedged High Yield Bond Fund in the first quarter worth $1,970,000.

WisdomTree Interest Rate Hedged High Yield Bond Fund Stock Performance

Shares of HYZD stock remained flat at $22.47 during trading hours on Friday. 22,169 shares of the stock traded hands, compared to its average volume of 59,953. WisdomTree Interest Rate Hedged High Yield Bond Fund has a twelve month low of $21.94 and a twelve month high of $22.81. The firm has a 50 day moving average price of $22.57 and a 200-day moving average price of $22.51.

WisdomTree Interest Rate Hedged High Yield Bond Fund Company Profile

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.