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WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD – Get Rating) was the target of a large drop in short interest in April. As of April 30th, there was short interest totalling 23,000 shares, a drop of 59.6% from the April 15th total of 57,000 shares. Based on an average daily volume of 108,700 shares, the days-to-cover ratio is currently 0.2 days.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Naviter Wealth LLC purchased a new position in WisdomTree Interest Rate Hedged High Yield Bond Fund in the 4th quarter worth approximately $612,000. Kestra Advisory Services LLC increased its holdings in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 7.9% during the 4th quarter. Kestra Advisory Services LLC now owns 20,609 shares of the company’s stock worth $459,000 after buying an additional 1,514 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 5.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 53,659 shares of the company’s stock worth $1,195,000 after buying an additional 2,560 shares during the last quarter. Morgan Stanley increased its holdings in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 40.9% during the 3rd quarter. Morgan Stanley now owns 593,128 shares of the company’s stock worth $13,185,000 after buying an additional 172,258 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the 3rd quarter worth approximately $120,000.
HYZD traded up $0.15 during trading on Friday, reaching $20.85. The company’s stock had a trading volume of 100 shares, compared to its average volume of 120,031. The firm has a fifty day simple moving average of $21.54 and a two-hundred day simple moving average of $21.84. WisdomTree Interest Rate Hedged High Yield Bond Fund has a 1 year low of $20.58 and a 1 year high of $23.01.
The firm also recently announced a monthly dividend, which was paid on Thursday, April 28th. Shareholders of record on Tuesday, April 26th were paid a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Monday, April 25th.
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