Short Interest in WisdomTree Mortgage Plus Bond Fund (NYSEARCA:MTGP) Drops By 71.5%

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

WisdomTree Mortgage Plus Bond Fund Stock Performance

Shares of NYSEARCA:MTGP traded up $0.10 during trading on Monday, reaching $43.79. 3,659 shares of the company traded hands, compared to its average volume of 10,640. WisdomTree Mortgage Plus Bond Fund has a 52-week low of $43.53 and a 52-week high of $46.17. The business’s fifty day moving average is $44.00 and its 200-day moving average is $44.32.

Institutional Investors Weigh In On WisdomTree Mortgage Plus Bond Fund

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in WisdomTree Mortgage Plus Bond Fund by 5.7% in the 1st quarter. Bank of New York Mellon Corp now owns 5,963 shares of the company’s stock worth $264,000 after acquiring an additional 323 shares during the last quarter. 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 during the last quarter. Gateway Wealth Partners LLC boosted its holdings 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 worth $261,000 after purchasing an additional 607 shares during the period. Cetera Investment Advisers boosted 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 period. Finally, RFG Advisory LLC grew its stake in shares of WisdomTree Mortgage Plus Bond Fund by 1.8% in the fourth quarter. RFG Advisory LLC now owns 44,134 shares of the company’s stock worth $1,966,000 after purchasing an additional 775 shares during the last quarter.

About WisdomTree Mortgage Plus Bond Fund

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.