WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Sees Significant Drop in Short Interest

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 560,736 shares, a decrease of 62.3% from the June 30th total of 1,487,193 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 4,025,040 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On WisdomTree Floating Rate Treasury Fund

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of WisdomTree Floating Rate Treasury Fund by 10.8% in the first quarter. Bank of America Corp DE now owns 15,934,091 shares of the company’s stock valued at $802,122,000 after purchasing an additional 1,551,622 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of WisdomTree Floating Rate Treasury Fund in the fourth quarter worth $419,186,000. Captrust Financial Advisors boosted its holdings in WisdomTree Floating Rate Treasury Fund by 1.7% during the fourth quarter. Captrust Financial Advisors now owns 7,196,392 shares of the company’s stock worth $362,122,000 after purchasing an additional 117,325 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in WisdomTree Floating Rate Treasury Fund by 5.5% during the fourth quarter. Raymond James Financial Inc. now owns 7,107,531 shares of the company’s stock worth $357,651,000 after purchasing an additional 371,877 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in WisdomTree Floating Rate Treasury Fund by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 4,582,438 shares of the company’s stock valued at $230,527,000 after purchasing an additional 205,006 shares in the last quarter.

WisdomTree Floating Rate Treasury Fund Stock Performance

NYSEARCA:USFR opened at $50.50 on Monday. The stock has a 50-day simple moving average of $50.41 and a 200 day simple moving average of $50.40. WisdomTree Floating Rate Treasury Fund has a 52-week low of $50.23 and a 52-week high of $50.50.

WisdomTree Floating Rate Treasury Fund Company Profile

The WisdomTree Floating Rate Treasury Fund (USFR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury floating-rate securities. USFR was launched on Feb 4, 2014 and is managed by WisdomTree.