WisdomTree Equity Premium Income Fund (NYSEARCA:WTPI – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 37,489 shares, a growth of 177.4% from the May 14th total of 13,515 shares. Based on an average daily volume of 98,836 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.
Hedge Funds Weigh In On WisdomTree Equity Premium Income Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTPI. Merit Financial Group LLC purchased a new stake in WisdomTree Equity Premium Income Fund in the 3rd quarter worth approximately $346,000. Envestnet Asset Management Inc. bought a new position in shares of WisdomTree Equity Premium Income Fund during the 3rd quarter worth about $2,210,000. Oppenheimer & Co. Inc. bought a new position in shares of WisdomTree Equity Premium Income Fund during the 3rd quarter worth about $474,000. CENTRAL TRUST Co bought a new position in shares of WisdomTree Equity Premium Income Fund during the 3rd quarter worth about $3,859,000. Finally, Ameritas Advisory Services LLC bought a new stake in WisdomTree Equity Premium Income Fund in the third quarter valued at about $321,000.
WisdomTree Equity Premium Income Fund Trading Up 0.4%
Shares of WisdomTree Equity Premium Income Fund stock traded up $0.13 on Friday, hitting $32.91. The company had a trading volume of 46,578 shares, compared to its average volume of 111,264. The business has a 50-day simple moving average of $32.91 and a 200-day simple moving average of $33.11. WisdomTree Equity Premium Income Fund has a 52 week low of $31.04 and a 52 week high of $33.92.
About WisdomTree Equity Premium Income Fund
The WisdomTree Equity Premium Income Fund (Ticker: WTPI) is an exchange-traded fund (ETF) managed by WisdomTree, Inc The fund seeks to provide investors with consistent income by selling put options bi-weekly on the S&P 500 Index, targeting a 2.5% premium. This strategy aims to capitalize on the volatility premium in the options market, potentially offering attractive income opportunities, especially in flat-to-down market conditions.
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