WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) Sees Significant Decrease in Short Interest

WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 9,721 shares, a drop of 20.9% from the February 26th total of 12,292 shares. Based on an average daily volume of 7,288 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the company’s shares are short sold.

WisdomTree Mortgage Plus Bond Fund Price Performance

Shares of MTGP opened at $43.78 on Friday. WisdomTree Mortgage Plus Bond Fund has a 12-month low of $42.75 and a 12-month high of $45.48. The firm has a fifty day moving average price of $44.60 and a 200-day moving average price of $44.69.

Institutional Investors Weigh In On WisdomTree Mortgage Plus Bond Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTGP. Aptus Capital Advisors LLC purchased a new stake in WisdomTree Mortgage Plus Bond Fund in the 4th quarter valued at about $89,000. Centaurus Financial Inc. purchased a new position in shares of WisdomTree Mortgage Plus Bond Fund during the second quarter worth approximately $164,000. Evolution Wealth Management Inc. purchased a new position in shares of WisdomTree Mortgage Plus Bond Fund during the second quarter worth approximately $172,000. JPMorgan Chase & Co. raised its stake in shares of WisdomTree Mortgage Plus Bond Fund by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 4,107 shares of the company’s stock valued at $183,000 after acquiring an additional 487 shares in the last quarter. Finally, Gateway Wealth Partners LLC raised its stake in shares of WisdomTree Mortgage Plus Bond Fund by 11.6% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,853 shares of the company’s stock valued at $261,000 after acquiring an additional 607 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.