WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,001,612 shares, a growth of 127.6% from the May 14th total of 1,318,987 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 4,492,608 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in USFR. Redmont Wealth Advisors LLC acquired a new position in shares of WisdomTree Floating Rate Treasury Fund during the third quarter valued at approximately $27,000. Boyd Watterson Asset Management LLC OH acquired a new stake in WisdomTree Floating Rate Treasury Fund in the first quarter worth approximately $29,000. Physician Wealth Advisors Inc. acquired a new stake in WisdomTree Floating Rate Treasury Fund in the first quarter worth approximately $31,000. Frankly Finances LLC bought a new position in WisdomTree Floating Rate Treasury Fund during the 1st quarter valued at $49,000. Finally, Cornerstone Planning Group LLC boosted its stake in WisdomTree Floating Rate Treasury Fund by 1,353.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,032 shares of the company’s stock valued at $52,000 after purchasing an additional 961 shares in the last quarter.
WisdomTree Floating Rate Treasury Fund Price Performance
WisdomTree Floating Rate Treasury Fund stock opened at $50.42 on Friday. The company’s 50-day moving average price is $50.39 and its two-hundred day moving average price is $50.38. WisdomTree Floating Rate Treasury Fund has a 52 week low of $50.23 and a 52 week high of $50.49.
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.
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