WisdomTree Equity Premium Income Fund (NYSEARCA:WTPI) Sees Large Growth in Short Interest

WisdomTree Equity Premium Income Fund (NYSEARCA:WTPI) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 37,489 shares, an increase of 177.4% from the May 14th total of 13,515 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 98,836 shares, the days-to-cover ratio is presently 0.4 days.

WisdomTree Equity Premium Income Fund Stock Performance

Shares of NYSEARCA WTPI traded up $0.13 during trading hours on Friday, hitting $32.91. 46,578 shares of the company traded hands, compared to its average volume of 111,264. The company’s 50 day moving average price is $32.91 and its 200 day moving average price is $33.11. WisdomTree Equity Premium Income Fund has a 12 month low of $31.04 and a 12 month high of $33.92.

Hedge Funds Weigh In On WisdomTree Equity Premium Income Fund

A number of large investors have recently bought and sold shares of WTPI. Opes Wealth Management LLC acquired a new position in shares of WisdomTree Equity Premium Income Fund in the third quarter valued at about $3,657,000. PFG Advisors acquired a new position in shares of WisdomTree Equity Premium Income Fund in the third quarter valued at about $1,108,000. Diversify Advisory Services LLC acquired a new position in shares of WisdomTree Equity Premium Income Fund in the third quarter valued at about $674,000. Cresset Asset Management LLC acquired a new position in shares of WisdomTree Equity Premium Income Fund in the third quarter valued at about $1,189,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of WisdomTree Equity Premium Income Fund in the third quarter valued at about $33,600,000.

WisdomTree Equity Premium Income Fund Company Profile

The WisdomTree Equity Premium Income Fund (Ticker: WTPI) is an exchange-traded fund (ETF) managed by WisdomTree, Inc The fund seeks to provide investors with consistent income by selling put options bi-weekly on the S&P 500 Index, targeting a 2.5% premium. This strategy aims to capitalize on the volatility premium in the options market, potentially offering attractive income opportunities, especially in flat-to-down market conditions.