WisdomTree U.S. High Yield Corporate Bond Fund (BATS:QHY) Sees Significant Growth in Short Interest

WisdomTree U.S. High Yield Corporate Bond Fund (BATS:QHY) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 17,870 shares, an increase of 426.8% from the May 31st total of 3,392 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 18,576 shares, the short-interest ratio is currently 1.0 days.

WisdomTree U.S. High Yield Corporate Bond Fund Price Performance

QHY stock opened at $45.78 on Friday. The firm has a 50 day moving average of $45.97 and a two-hundred day moving average of $46.18. WisdomTree U.S. High Yield Corporate Bond Fund has a 12 month low of $44.91 and a 12 month high of $47.00.

Institutional Trading of WisdomTree U.S. High Yield Corporate Bond Fund

Hedge funds have recently bought and sold shares of the stock. WealthPoint Financial LLC lifted its position in shares of WisdomTree U.S. High Yield Corporate Bond Fund by 10.1% in the 1st quarter. WealthPoint Financial LLC now owns 10,799 shares of the company’s stock worth $492,000 after acquiring an additional 990 shares during the period. Western Wealth Management LLC acquired a new position in shares of WisdomTree U.S. High Yield Corporate Bond Fund in the first quarter valued at $71,000. Bank of America Corp DE lifted its position in WisdomTree U.S. High Yield Corporate Bond Fund by 63.8% in the first quarter. Bank of America Corp DE now owns 1,165,892 shares of the company’s stock worth $53,095,000 after purchasing an additional 454,195 shares during the period. Royal Bank of Canada lifted its position in WisdomTree U.S. High Yield Corporate Bond Fund by 361.0% in the first quarter. Royal Bank of Canada now owns 4,550 shares of the company’s stock worth $207,000 after purchasing an additional 3,563 shares during the period. Finally, Gateway Wealth Partners LLC acquired a new stake in WisdomTree U.S. High Yield Corporate Bond Fund during the first quarter worth $364,000.

WisdomTree U.S. High Yield Corporate Bond Fund Company Profile

The WisdomTree U.S. High Yield Corporate Bond Fund (QHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index composed of high-yield, US corporate bonds. Constituents are selected and weighted by fundamental factors and bond risk characteristics. QHY was launched on Apr 27, 2016 and is issued by WisdomTree.