WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) Sees Large Decrease in Short Interest

WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ:HYZD) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totalling 1,300 shares, a drop of 97.5% from the July 31st total of 52,700 shares. Based on an average daily trading volume, of 52,100 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On WisdomTree Interest Rate Hedged High Yield Bond Fund

A number of institutional investors have recently bought and sold shares of HYZD. Kestra Advisory Services LLC raised its stake in WisdomTree Interest Rate Hedged High Yield Bond Fund by 590.0% during the first quarter. Kestra Advisory Services LLC now owns 687,065 shares of the company’s stock worth $15,136,000 after purchasing an additional 587,488 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in WisdomTree Interest Rate Hedged High Yield Bond Fund by 62.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,170,554 shares of the company’s stock worth $24,722,000 after purchasing an additional 448,492 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in WisdomTree Interest Rate Hedged High Yield Bond Fund during the second quarter worth about $288,000. UBS Group AG increased its position in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund by 1.1% during the fourth quarter. UBS Group AG now owns 1,138,426 shares of the company’s stock valued at $24,607,000 after acquiring an additional 11,967 shares during the last quarter. Finally, Eudaimonia Advisors LLC acquired a new stake in shares of WisdomTree Interest Rate Hedged High Yield Bond Fund during the first quarter valued at about $245,000.

WisdomTree Interest Rate Hedged High Yield Bond Fund Stock Performance

Shares of NASDAQ:HYZD remained flat at $21.97 during midday trading on Thursday. 21,657 shares of the stock traded hands, compared to its average volume of 52,885. The business’s 50-day moving average is $21.92 and its 200 day moving average is $21.94. WisdomTree Interest Rate Hedged High Yield Bond Fund has a 12-month low of $20.68 and a 12-month high of $22.30.

WisdomTree Interest Rate Hedged High Yield Bond Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 27th. This is an increase from WisdomTree Interest Rate Hedged High Yield Bond Fund’s previous monthly dividend of $0.11. This represents a $1.44 dividend on an annualized basis and a yield of 6.55%.

About WisdomTree Interest Rate Hedged High Yield Bond Fund

The WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a long\u002Fshort net-zero duration bond index that’s long US high-yield issues and short Treasury futures. HYZD was launched on Dec 18, 2013 and is managed by WisdomTree.