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

WisdomTree Bianco Total Return Fund (NASDAQ:WTBN) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 7,036 shares, a drop of 56.8% from the August 15th total of 16,305 shares. Based on an average trading volume of 9,333 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of WisdomTree Bianco Total Return Fund

A number of institutional investors and hedge funds have recently modified their holdings of WTBN. Thrivent Financial for Lutherans boosted its position in WisdomTree Bianco Total Return Fund by 7.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,937,278 shares of the company’s stock worth $49,372,000 after purchasing an additional 134,660 shares during the last quarter. Park Edge Advisors LLC increased its position in shares of WisdomTree Bianco Total Return Fund by 31.6% during the 1st quarter. Park Edge Advisors LLC now owns 227,549 shares of the company’s stock valued at $5,756,000 after purchasing an additional 54,664 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of WisdomTree Bianco Total Return Fund during the 1st quarter valued at $260,000.

WisdomTree Bianco Total Return Fund Stock Performance

Shares of WTBN stock traded down $0.04 on Tuesday, hitting $24.33. The stock had a trading volume of 2,914 shares, compared to its average volume of 15,562. The business has a 50 day moving average of $24.76 and a 200 day moving average of $25.10. WisdomTree Bianco Total Return Fund has a 12-month low of $24.33 and a 12-month high of $26.00.

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.