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

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) was the recipient of a significant decline in short interest during 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 short-interest ratio is presently 2.5 days. Approximately 0.5% of the shares of the company are sold short.

WisdomTree High Income Laddered Municipal Fund Price Performance

WTMY traded down $0.04 on Thursday, reaching $25.36. The company had a trading volume of 156 shares, 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 stock has a 50-day moving average price of $25.32 and a 200-day moving average price of $25.47.

Institutional Investors Weigh In On WisdomTree High Income Laddered Municipal Fund

An institutional investor recently raised its position in WisdomTree High Income Laddered Municipal Fund stock. Hobbs Group Advisors LLC grew its holdings in WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) by 10.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 100,305 shares of the company’s stock after buying an additional 9,563 shares during the period. WisdomTree High Income Laddered Municipal Fund accounts for approximately 0.8% of Hobbs Group Advisors LLC’s portfolio, making the stock its 23rd largest position. Hobbs Group Advisors LLC owned about 50.15% of WisdomTree High Income Laddered Municipal Fund worth $2,550,000 as of its most recent SEC filing.

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.