WisdomTree Bianco Total Return Fund (NASDAQ:WTBN) Sees Significant Decrease in Short Interest

WisdomTree Bianco Total Return Fund (NASDAQ:WTBN) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 1,622 shares, a decrease of 72.9% from the March 15th total of 5,988 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 9,320 shares, the days-to-cover ratio is currently 0.2 days.

WisdomTree Bianco Total Return Fund Price Performance

Shares of NASDAQ WTBN opened at $25.37 on Friday. WisdomTree Bianco Total Return Fund has a 12-month low of $24.56 and a 12-month high of $26.00. The company’s fifty day simple moving average is $25.48 and its 200 day simple moving average is $25.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans bought a new position in shares of WisdomTree Bianco Total Return Fund in the third quarter valued at $46,264,000. Sanchez Wealth Management Group bought a new position in shares of WisdomTree Bianco Total Return Fund during the fourth quarter valued at about $4,302,000. Royal Bank of Canada bought a new position in shares of WisdomTree Bianco Total Return Fund during the fourth quarter valued at about $1,147,000. Envestnet Asset Management Inc. lifted its position in shares of WisdomTree Bianco Total Return Fund by 11.5% during the third quarter. Envestnet Asset Management Inc. now owns 242,658 shares of the company’s stock valued at $6,228,000 after purchasing an additional 25,037 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of WisdomTree Bianco Total Return Fund during the fourth quarter valued at about $588,000.

About WisdomTree Bianco Total Return Fund

The WisdomTree Bianco Total Return Fund (WTBN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a passively managed fund-of-funds, aiming to outperform index-based core fixed income ETFs. The underlying index is constructed utilizing fundamental, rules-based research to select and weight components among broad fixed income exposure globally. WTBN was launched on Dec 20, 2023 and is issued by WisdomTree.