WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Trading Down 0.1% – Here’s Why

WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW)’s share price was down 0.1% on Wednesday . The stock traded as low as $33.05 and last traded at $33.22. Approximately 73,468 shares were traded during trading, an increase of 15% from the average daily volume of 63,754 shares. The stock had previously closed at $33.25.

WisdomTree PutWrite Strategy Fund Trading Up 0.2%

The firm’s fifty day moving average is $32.76 and its two-hundred day moving average is $33.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PUTW. Jane Street Group LLC bought a new stake in shares of WisdomTree PutWrite Strategy Fund in the first quarter valued at approximately $800,000. NewEdge Advisors LLC bought a new stake in WisdomTree PutWrite Strategy Fund during the 2nd quarter worth approximately $1,300,000. Raymond James Financial Inc. increased its holdings in WisdomTree PutWrite Strategy Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 169,661 shares of the company’s stock worth $5,436,000 after acquiring an additional 2,778 shares during the period. Smartleaf Asset Management LLC increased its holdings in WisdomTree PutWrite Strategy Fund by 3.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 18,550 shares of the company’s stock worth $595,000 after acquiring an additional 674 shares during the period. Finally, Visionary Wealth Advisors increased its holdings in WisdomTree PutWrite Strategy Fund by 49.9% during the 2nd quarter. Visionary Wealth Advisors now owns 34,099 shares of the company’s stock worth $1,093,000 after acquiring an additional 11,352 shares during the period.

About WisdomTree PutWrite Strategy Fund

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.