HYZD - WisdomTree Interest Rate Hedged High Yield Bond Fund
The index is designed to provide long exposure to the performance of selected issuers in the U. S. non-investment-grade corporate bond ("junk bonds") market that are deemed to have favorable fundamental and income characteristics while seeking to manage interest rate risk through the use of short positions in U.
As of May 15, 2026: spot at $22.52, ATM IV 39.8%, net GEX -$367.
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Market Cap
- $231.4M
- Beta
- 0.19
- 52-Week Range
- 21.94-22.81
- Dividend Yield
- $1.34
- IPO Date
- Dec 18, 2013
- Exchange
- NASDAQ
What HYZD Looks Like to Options Traders Today
IV rank of 21.4% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); negative net gamma exposure (-$367) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (-0.001) is roughly flat across the wings.
What This Page Covers
The HYZD overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked HYZD overview questions
- What is HYZD?
- HYZD is the ticker symbol for WisdomTree Interest Rate Hedged High Yield Bond Fund, an listed exchange-traded fund. The index is designed to provide long exposure to the performance of selected issuers in the U. S. Listed on NASDAQ. HYZD is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the HYZD options snapshot look like today?
- As of May 15, 2026, the HYZD options snapshot shows spot at $22.52, ATM IV 39.8%, IV rank 21.4%, net GEX -$367, expected move 11.41%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are HYZD's key statistics?
- WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) carries a market capitalization of $231.4M, 52-week range of 21.94-22.81. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does HYZD belong to?
- WisdomTree Interest Rate Hedged High Yield Bond Fund operates in the Financial Services sector, in the Asset Management - Bonds industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare HYZD's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the HYZD data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.