WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) Sees Large Growth in Short Interest

WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 4,514 shares, a growth of 291.8% from the May 31st total of 1,152 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 6,822 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC grew its holdings in shares of WisdomTree Mortgage Plus Bond Fund by 6.4% during the fourth quarter. IHT Wealth Management LLC now owns 184,293 shares of the company’s stock worth $8,209,000 after buying an additional 11,165 shares in the last quarter. Invenio Wealth Partners LLC raised its stake in shares of WisdomTree Mortgage Plus Bond Fund by 9.0% during the 3rd quarter. Invenio Wealth Partners LLC now owns 181,920 shares of the company’s stock worth $8,105,000 after purchasing an additional 15,041 shares in the last quarter. LPL Financial LLC raised its position in WisdomTree Mortgage Plus Bond Fund by 34.2% during the fourth quarter. LPL Financial LLC now owns 130,133 shares of the company’s stock worth $5,797,000 after acquiring an additional 33,140 shares in the last quarter. Vericrest Private Wealth acquired a new stake in WisdomTree Mortgage Plus Bond Fund in the 4th quarter valued at about $4,790,000. Finally, Insight Advisors LLC PA lifted its position in shares of WisdomTree Mortgage Plus Bond Fund by 0.9% in the fourth quarter. Insight Advisors LLC PA now owns 97,196 shares of the company’s stock valued at $4,330,000 after buying an additional 912 shares during the last quarter.

WisdomTree Mortgage Plus Bond Fund Stock Performance

MTGP stock remained flat at $44.28 during trading hours on Friday. The company’s stock had a trading volume of 11,839 shares, compared to its average volume of 10,005. The firm’s 50 day simple moving average is $44.13 and its 200-day simple moving average is $44.43. WisdomTree Mortgage Plus Bond Fund has a 52-week low of $43.47 and a 52-week high of $45.48.

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.