Short Interest in WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) Increases By 2,517.0%

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,387 shares, an increase of 2,517.0% from the January 29th total of 53 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 882 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 882 shares, the short-interest ratio is currently 1.6 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Trading of WisdomTree High Income Laddered Municipal Fund

A hedge fund recently raised its stake in WisdomTree High Income Laddered Municipal Fund stock. Hobbs Group Advisors LLC raised its position in shares of WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,305 shares of the company’s stock after acquiring an additional 9,563 shares during the period. WisdomTree High Income Laddered Municipal Fund makes up about 0.8% of Hobbs Group Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Hobbs Group Advisors LLC owned 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 Performance

Shares of WTMY stock opened at $25.80 on Thursday. WisdomTree High Income Laddered Municipal Fund has a 1 year low of $24.10 and a 1 year high of $25.85. The stock’s 50 day simple moving average is $25.61 and its two-hundred day simple moving average is $25.45.

WisdomTree High Income Laddered Municipal Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 3.3%.

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.