Short Interest in WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) Declines By 74.3%

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,281 shares, a drop of 74.3% from the May 14th total of 4,984 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 512 shares, the short-interest ratio is currently 2.5 days.

WisdomTree High Income Laddered Municipal Fund Trading Down 0.0%

NASDAQ:WTMY traded down $0.00 on Friday, hitting $25.36. The stock had a trading volume of 203 shares, compared to its average volume of 802. The business’s 50-day simple moving average is $25.33 and its two-hundred day simple moving average is $25.46. WisdomTree High Income Laddered Municipal Fund has a 52-week low of $24.58 and a 52-week high of $25.85.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WisdomTree High Income Laddered Municipal Fund stock. Hobbs Group Advisors LLC grew its stake 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 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,305 shares of the company’s stock after buying an additional 9,563 shares during the period. WisdomTree High Income Laddered Municipal Fund accounts for 0.8% of Hobbs Group Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Hobbs Group Advisors LLC owned 50.15% of WisdomTree High Income Laddered Municipal Fund worth $2,550,000 as of its most recent filing with the Securities & Exchange Commission.

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.