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

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 125 shares, a decline of 74.4% from the March 31st total of 488 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 247 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WisdomTree High Income Laddered Municipal Fund stock. Hobbs Group Advisors LLC boosted its holdings in shares of WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,305 shares of the company’s stock after purchasing an additional 9,563 shares during the period. WisdomTree High Income Laddered Municipal Fund comprises approximately 0.8% of Hobbs Group Advisors LLC’s holdings, making the stock its 23rd largest holding. Hobbs Group Advisors LLC owned about 50.15% of WisdomTree High Income Laddered Municipal Fund worth $2,550,000 at the end of the most recent quarter.

WisdomTree High Income Laddered Municipal Fund Stock Performance

WTMY opened at $25.49 on Monday. The business’s 50-day moving average price is $25.47 and its 200-day moving average price is $25.52. WisdomTree High Income Laddered Municipal Fund has a 12 month low of $24.58 and a 12 month high of $25.85.

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.