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

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 312,897 shares, a drop of 89.6% from the May 31st total of 3,001,612 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 5,090,116 shares, the short-interest ratio is currently 0.1 days.

WisdomTree Floating Rate Treasury Fund Price Performance

Shares of WisdomTree Floating Rate Treasury Fund stock traded up $0.01 on Friday, reaching $50.34. The company had a trading volume of 4,547,858 shares, compared to its average volume of 4,972,971. The firm’s 50-day moving average price is $50.40 and its two-hundred day moving average price is $50.39. WisdomTree Floating Rate Treasury Fund has a 1 year low of $50.23 and a 1 year high of $50.49.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Level Four Advisory Services LLC boosted its position in shares of WisdomTree Floating Rate Treasury Fund by 7.5% during the third quarter. Level Four Advisory Services LLC now owns 667,132 shares of the company’s stock valued at $33,537,000 after buying an additional 46,521 shares during the period. Choreo LLC raised its holdings in shares of WisdomTree Floating Rate Treasury Fund by 1.9% in the third quarter. Choreo LLC now owns 22,834 shares of the company’s stock worth $1,148,000 after buying an additional 435 shares during the period. Blueprint Investment Partners LLC purchased a new stake in shares of WisdomTree Floating Rate Treasury Fund in the third quarter worth approximately $544,000. Smart Money Group LLC lifted its stake in shares of WisdomTree Floating Rate Treasury Fund by 6.2% during the 3rd quarter. Smart Money Group LLC now owns 69,322 shares of the company’s stock worth $3,485,000 after acquiring an additional 4,042 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its holdings in WisdomTree Floating Rate Treasury Fund by 2.1% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 50,589 shares of the company’s stock valued at $2,543,000 after acquiring an additional 1,023 shares during the period.

About WisdomTree Floating Rate Treasury Fund

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.