WisdomTree U.S. High Yield Corporate Bond Fund (BATS:QHY) Short Interest Down 64.7% in May

WisdomTree U.S. High Yield Corporate Bond Fund (BATS:QHY) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,755 shares, a drop of 64.7% from the April 30th total of 4,965 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 11,224 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On WisdomTree U.S. High Yield Corporate Bond Fund

Several institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in WisdomTree U.S. High Yield Corporate Bond Fund during the first quarter valued at approximately $71,000. Bank of America Corp DE increased its holdings in WisdomTree U.S. High Yield Corporate Bond Fund by 63.8% during the first quarter. Bank of America Corp DE now owns 1,165,892 shares of the company’s stock valued at $53,095,000 after buying an additional 454,195 shares during the period. Royal Bank of Canada increased its holdings in WisdomTree U.S. High Yield Corporate Bond Fund by 361.0% during the first quarter. Royal Bank of Canada now owns 4,550 shares of the company’s stock valued at $207,000 after buying an additional 3,563 shares during the period. Gateway Wealth Partners LLC purchased a new position in WisdomTree U.S. High Yield Corporate Bond Fund during the first quarter valued at approximately $364,000. Finally, Cetera Investment Advisers increased its holdings in WisdomTree U.S. High Yield Corporate Bond Fund by 2.8% during the first quarter. Cetera Investment Advisers now owns 203,070 shares of the company’s stock valued at $9,248,000 after buying an additional 5,470 shares during the period.

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

Shares of QHY stock opened at $45.87 on Friday. The company’s 50 day moving average is $45.88 and its 200 day moving average is $46.25. WisdomTree U.S. High Yield Corporate Bond Fund has a 52-week low of $44.91 and a 52-week high of $47.00.

About WisdomTree U.S. High Yield Corporate Bond Fund

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.