WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) Sees Significant Decline in Short Interest

WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 174 shares, a decrease of 34.1% from the December 31st total of 264 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 243 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 243 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WisdomTree High Income Laddered Municipal Fund stock. Hobbs Group Advisors LLC boosted its stake in WisdomTree High Income Laddered Municipal Fund (NASDAQ:WTMY) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,305 shares of the company’s stock after purchasing an additional 9,563 shares during the quarter. WisdomTree High Income Laddered Municipal Fund comprises approximately 0.8% of Hobbs Group Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Hobbs Group Advisors LLC owned approximately 50.15% of WisdomTree High Income Laddered Municipal Fund worth $2,550,000 as of its most recent SEC filing.

WisdomTree High Income Laddered Municipal Fund Price Performance

NASDAQ:WTMY opened at $25.61 on Friday. WisdomTree High Income Laddered Municipal Fund has a 52-week low of $24.10 and a 52-week high of $25.66. The stock has a fifty day moving average of $25.51 and a 200 day moving average of $25.31.

WisdomTree High Income Laddered Municipal Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 29th. Stockholders of record on Tuesday, January 27th were given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, January 27th.

About WisdomTree High Income Laddered Municipal Fund

The WisdomTree High Income Laddered Municipal Fund is an actively managed exchange-traded fund (ETF) that seeks to generate a high level of current income exempt from federal income taxes. The fund employs a laddered maturity strategy, investing in both investment-grade and high-yield municipal debt securities with an average duration between five and ten years. It focuses on securities expected to mature or have an option to be called or tendered within 15 years.