WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Stock Price Up 0.4% – Here’s What Happened

Shares of WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) shot up 0.4% on Monday . The stock traded as high as $33.4033 and last traded at $33.15. 80,609 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 63,754 shares. The stock had previously closed at $33.02.

WisdomTree PutWrite Strategy Fund Price Performance

The business’s 50 day moving average is $33.34 and its two-hundred day moving average is $32.94.

Institutional Trading of WisdomTree PutWrite Strategy Fund

Hedge funds have recently made changes to their positions in the stock. CWM LLC purchased a new position in WisdomTree PutWrite Strategy Fund in the second quarter worth $40,000. Compass Financial Services Inc purchased a new stake in WisdomTree PutWrite Strategy Fund during the first quarter valued at about $79,000. Ameritas Advisory Services LLC bought a new stake in WisdomTree PutWrite Strategy Fund during the second quarter worth about $96,000. Collaborative Wealth Managment Inc. bought a new stake in WisdomTree PutWrite Strategy Fund during the second quarter worth about $227,000. Finally, Kovack Advisors Inc. boosted its holdings in shares of WisdomTree PutWrite Strategy Fund by 18.0% in the 2nd quarter. Kovack Advisors Inc. now owns 8,832 shares of the company’s stock worth $283,000 after purchasing an additional 1,349 shares in the last quarter.

WisdomTree PutWrite Strategy Fund Company Profile

The WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is an exchange-traded fund that is based on the Cboe S&P 500 PutWrite index. The fund tracks an index that consists of short SPY put options and cash collateral. The index selects put options that target a premium of 2.5% and rolls its exposure twice a month. PUTW was launched on Feb 24, 2016 and is managed by WisdomTree.