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

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 53 shares, a decrease of 69.5% from the January 15th total of 174 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 697 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 697 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

WisdomTree High Income Laddered Municipal Fund Trading Up 0.1%

Shares of WTMY opened at $25.75 on Wednesday. The stock has a 50-day moving average price of $25.54 and a 200-day moving average price of $25.37. WisdomTree High Income Laddered Municipal Fund has a 12-month low of $24.10 and a 12-month high of $25.75.

WisdomTree High Income Laddered Municipal Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 29th. Shareholders of record on Tuesday, January 27th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a yield of 3.7%.

Hedge Funds Weigh In On WisdomTree High Income Laddered Municipal Fund

An institutional investor recently bought a new position in WisdomTree High Income Laddered Municipal Fund stock. Flow Traders U.S. LLC acquired a new stake in shares of WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 26,113 shares of the company’s stock, valued at approximately $663,000. Flow Traders U.S. LLC owned approximately 13.06% of WisdomTree High Income Laddered Municipal Fund as of its most recent filing with the SEC.

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.