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

WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 3,739 shares, a drop of 71.5% from the June 30th total of 13,106 shares. Based on an average daily volume of 12,426 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

WisdomTree Mortgage Plus Bond Fund Stock Down 0.1%

Shares of NYSEARCA:MTGP traded down $0.03 during trading on Friday, hitting $43.69. 24,048 shares of the company were exchanged, compared to its average volume of 10,690. The firm’s 50 day moving average price is $44.00 and its 200-day moving average price is $44.33. WisdomTree Mortgage Plus Bond Fund has a 12-month low of $43.53 and a 12-month high of $46.17.

Institutional Investors Weigh In On WisdomTree Mortgage Plus Bond Fund

Several hedge funds and other institutional investors have recently bought and sold shares of MTGP. WealthPoint Financial LLC lifted its position in WisdomTree Mortgage Plus Bond Fund by 8.7% in the first quarter. WealthPoint Financial LLC now owns 42,070 shares of the company’s stock valued at $1,860,000 after acquiring an additional 3,384 shares during the last quarter. Gateway Wealth Partners LLC boosted its stake in WisdomTree Mortgage Plus Bond Fund by 116.8% in the first quarter. Gateway Wealth Partners LLC now owns 12,690 shares of the company’s stock valued at $561,000 after acquiring an additional 6,837 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of WisdomTree Mortgage Plus Bond Fund by 7.0% during the first quarter. Cetera Investment Advisers now owns 9,764 shares of the company’s stock worth $432,000 after purchasing an additional 638 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of WisdomTree Mortgage Plus Bond Fund by 5.7% during the first quarter. Bank of New York Mellon Corp now owns 5,963 shares of the company’s stock worth $264,000 after purchasing an additional 323 shares during the last quarter. Finally, Ascentis Independent Advisors increased its position in shares of WisdomTree Mortgage Plus Bond Fund by 99.9% during the first quarter. Ascentis Independent Advisors now owns 13,104 shares of the company’s stock worth $579,000 after purchasing an additional 6,550 shares in the last quarter.

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.