WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) Sees Large Decrease in Short Interest

WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,152 shares, a drop of 53.2% from the May 14th total of 2,463 shares. Based on an average daily volume of 6,944 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On WisdomTree Mortgage Plus Bond Fund

Large investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors grew its holdings in WisdomTree Mortgage Plus Bond Fund by 99.9% in the 1st quarter. Ascentis Independent Advisors now owns 13,104 shares of the company’s stock worth $579,000 after acquiring an additional 6,550 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in WisdomTree Mortgage Plus Bond Fund in the 1st quarter worth $782,000. RFG Advisory LLC grew its holdings in WisdomTree Mortgage Plus Bond Fund by 2.9% in the 1st quarter. RFG Advisory LLC now owns 45,397 shares of the company’s stock worth $2,007,000 after acquiring an additional 1,263 shares during the last quarter. Vericrest Private Wealth bought a new stake in WisdomTree Mortgage Plus Bond Fund in the 4th quarter worth $4,790,000. Finally, WealthPoint Financial LLC bought a new stake in WisdomTree Mortgage Plus Bond Fund in the 4th quarter worth $1,723,000.

WisdomTree Mortgage Plus Bond Fund Price Performance

Shares of MTGP stock traded down $0.03 on Friday, hitting $44.13. 6,794 shares of the company’s stock traded hands, compared to its average volume of 10,176. WisdomTree Mortgage Plus Bond Fund has a one year low of $43.21 and a one year high of $45.48. The company’s fifty day simple moving average is $44.17 and its 200 day simple moving average is $44.47.

About WisdomTree Mortgage Plus Bond Fund

The WisdomTree Mortgage Plus Bond Fund (MTGP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund of U.S. securitized intermediate-term debt primarily agency mortgage-backed securities, which are rated investment grade and high yield. MTGP was launched on Nov 14, 2019 and is managed by WisdomTree.