Short Interest in WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) Drops By 37.7%

WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 13,166 shares, a decrease of 37.7% from the July 30th total of 21,143 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 6,023 shares, the short-interest ratio is currently 2.2 days.

WisdomTree Mortgage Plus Bond Fund Stock Performance

NYSEARCA:MTGP opened at $43.55 on Monday. The firm’s fifty day simple moving average is $43.85 and its 200 day simple moving average is $44.16. WisdomTree Mortgage Plus Bond Fund has a twelve month low of $43.44 and a twelve month high of $46.17.

Hedge Funds Weigh In On WisdomTree Mortgage Plus Bond Fund

Several large investors have recently modified their holdings of the stock. Gateway Wealth Partners LLC lifted its stake in WisdomTree Mortgage Plus Bond Fund by 116.8% during the first quarter. Gateway Wealth Partners LLC now owns 12,690 shares of the company’s stock worth $561,000 after purchasing an additional 6,837 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of WisdomTree Mortgage Plus Bond Fund by 5.7% in the 1st quarter. Bank of New York Mellon Corp now owns 5,963 shares of the company’s stock valued at $264,000 after buying an additional 323 shares during the period. Ascentis Independent Advisors grew its position in shares of WisdomTree Mortgage Plus Bond Fund by 99.9% during the 1st quarter. Ascentis Independent Advisors now owns 13,104 shares of the company’s stock valued at $579,000 after buying an additional 6,550 shares during the last quarter. Private Advisor Group LLC raised its stake in WisdomTree Mortgage Plus Bond Fund by 45.1% during the first quarter. Private Advisor Group LLC now owns 24,661 shares of the company’s stock worth $1,090,000 after acquiring an additional 7,662 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new position in WisdomTree Mortgage Plus Bond Fund in the first quarter worth about $782,000.

About WisdomTree Mortgage Plus Bond Fund

The WisdomTree Mortgage Plus Bond Fund (MTGP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund of U.S. securitized intermediate-term debt primarily agency mortgage-backed securities, which are rated investment grade and high yield. MTGP was launched on Nov 14, 2019 and is managed by WisdomTree.