WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) Short Interest Update

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,984 shares, a growth of 19,836.0% from the April 30th total of 25 shares. Based on an average daily volume of 886 shares, the short-interest ratio is currently 5.6 days. Approximately 2.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WisdomTree High Income Laddered Municipal Fund stock. Hobbs Group Advisors LLC increased its position in WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,305 shares of the company’s stock after acquiring an additional 9,563 shares during the quarter. WisdomTree High Income Laddered Municipal Fund comprises about 0.8% of Hobbs Group Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Hobbs Group Advisors LLC owned about 50.15% of WisdomTree High Income Laddered Municipal Fund worth $2,550,000 at the end of the most recent reporting period.

WisdomTree High Income Laddered Municipal Fund Stock Up 0.6%

WTMY stock traded up $0.14 during midday trading on Wednesday, reaching $25.26. The company had a trading volume of 3,813 shares, compared to its average volume of 881. WisdomTree High Income Laddered Municipal Fund has a 1 year low of $24.58 and a 1 year high of $25.85. The company has a 50 day moving average of $25.30 and a two-hundred day moving average of $25.48.

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.