WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW) Stock Price Down 0.3% – Time to Sell?

by · The Cerbat Gem

Shares of WisdomTree PutWrite Strategy Fund (NYSEARCA:PUTW – Get Free Report) dropped 0.3% on Monday . The company traded as low as $32.95 and last traded at $33.10. Approximately 159,810 shares changed hands during trading, an increase of 151% from the average daily volume of 63,754 shares. The stock had previously closed at $33.21.

WisdomTree PutWrite Strategy Fund Stock Performance

The stock has a 50 day simple moving average of $33.40 and a 200-day simple moving average of $32.78.

Hedge Funds Weigh In On WisdomTree PutWrite Strategy Fund

Hedge funds have recently bought and sold shares of the company. CWM LLC purchased a new stake in WisdomTree PutWrite Strategy Fund during the 2nd quarter valued at about $40,000. Compass Financial Services Inc purchased a new position in WisdomTree PutWrite Strategy Fund in the first quarter worth about $79,000. Ameritas Advisory Services LLC bought a new position in shares of WisdomTree PutWrite Strategy Fund in the second quarter worth approximately $96,000. Collaborative Wealth Managment Inc. purchased a new stake in shares of WisdomTree PutWrite Strategy Fund during the second quarter valued at approximately $227,000. Finally, Tactive Advisors LLC bought a new stake in shares of WisdomTree PutWrite Strategy Fund during the second quarter valued at approximately $283,000.

WisdomTree PutWrite Strategy Fund Company Profile

(Get Free Report)

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.

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