WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) Sees Significant Decline in Short Interest

WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,721 shares, a drop of 20.9% from the February 26th total of 12,292 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 7,288 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. RFG Advisory LLC lifted its stake in shares of WisdomTree Mortgage Plus Bond Fund by 0.9% in the 3rd quarter. RFG Advisory LLC now owns 43,359 shares of the company’s stock valued at $1,932,000 after purchasing an additional 394 shares during the period. Insight Advisors LLC PA raised its holdings in WisdomTree Mortgage Plus Bond Fund by 0.4% in the third quarter. Insight Advisors LLC PA now owns 96,284 shares of the company’s stock worth $4,290,000 after purchasing an additional 415 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in WisdomTree Mortgage Plus Bond Fund by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 4,107 shares of the company’s stock worth $183,000 after purchasing an additional 487 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in WisdomTree Mortgage Plus Bond Fund by 11.6% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,853 shares of the company’s stock valued at $261,000 after buying an additional 607 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in WisdomTree Mortgage Plus Bond Fund by 16.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,837 shares of the company’s stock valued at $349,000 after buying an additional 1,108 shares during the period.

WisdomTree Mortgage Plus Bond Fund Stock Performance

Shares of NYSEARCA:MTGP traded up $0.07 during midday trading on Tuesday, hitting $44.15. 2,128 shares of the stock traded hands, compared to its average volume of 13,514. The business’s 50 day moving average is $44.59 and its two-hundred day moving average is $44.69. WisdomTree Mortgage Plus Bond Fund has a one year low of $42.75 and a one year high of $45.48.

WisdomTree Mortgage Plus Bond Fund Company Profile

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.