WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) Shares Down 0.4% – Here’s What Happened

Shares of WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) dropped 0.4% during mid-day trading on Tuesday . The company traded as low as $21.98 and last traded at $22.04. Approximately 35,615 shares were traded during trading, a decline of 16% from the average daily volume of 42,205 shares. The stock had previously closed at $22.13.

WisdomTree Interest Rate Hedged High Yield Bond Fund Stock Performance

The stock has a fifty day simple moving average of $21.84 and a 200-day simple moving average of $22.22.

WisdomTree Interest Rate Hedged High Yield Bond Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.53%.

Hedge Funds Weigh In On WisdomTree Interest Rate Hedged High Yield Bond Fund

A number of large investors have recently modified their holdings of the business. LPL Financial LLC boosted its stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 38.7% during the 1st quarter. LPL Financial LLC now owns 1,017,141 shares of the company’s stock worth $22,265,000 after buying an additional 283,707 shares during the last quarter. Elevation Capital Advisory LLC bought a new position in WisdomTree Interest Rate Hedged High Yield Bond Fund in the 4th quarter valued at about $6,279,000. GeoWealth Management LLC bought a new position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the fourth quarter worth approximately $6,279,000. Ameriprise Financial Inc. increased its stake in WisdomTree Interest Rate Hedged High Yield Bond Fund by 13.2% in the fourth quarter. Ameriprise Financial Inc. now owns 210,502 shares of the company’s stock valued at $4,682,000 after acquiring an additional 24,568 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in WisdomTree Interest Rate Hedged High Yield Bond Fund by 2.7% in the first quarter. Integrated Wealth Concepts LLC now owns 140,393 shares of the company’s stock valued at $3,073,000 after buying an additional 3,729 shares in the last quarter.

About WisdomTree Interest Rate Hedged High Yield Bond Fund

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.