WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 4,085,626 shares, a growth of 888.6% from the September 15th total of 413,262 shares. Based on an average daily volume of 7,395,250 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.0% of the shares of the stock are sold short.
Hedge Funds Weigh In On WisdomTree Floating Rate Treasury Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of WisdomTree Floating Rate Treasury Fund by 10.8% in the 1st quarter. Bank of America Corp DE now owns 15,934,091 shares of the company’s stock valued at $802,122,000 after acquiring an additional 1,551,622 shares in the last quarter. Captrust Financial Advisors increased its position in shares of WisdomTree Floating Rate Treasury Fund by 1.7% in 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. Private Advisor Group LLC increased its position in shares of WisdomTree Floating Rate Treasury Fund by 16.4% in the first quarter. Private Advisor Group LLC now owns 2,316,049 shares of the company’s stock worth $116,590,000 after purchasing an additional 326,696 shares during the last quarter. Kestra Advisory Services LLC raised its stake in WisdomTree Floating Rate Treasury Fund by 78.3% in the first quarter. Kestra Advisory Services LLC now owns 2,009,823 shares of the company’s stock valued at $101,175,000 after purchasing an additional 882,801 shares in the last quarter. Finally, Cardinal Point Capital Management ULC raised its stake in WisdomTree Floating Rate Treasury Fund by 2.6% in the first quarter. Cardinal Point Capital Management ULC now owns 1,474,438 shares of the company’s stock valued at $74,223,000 after purchasing an additional 37,555 shares in the last quarter.
WisdomTree Floating Rate Treasury Fund Stock Up 0.0%
NYSEARCA:USFR traded up $0.01 during trading hours on Friday, hitting $50.44. The stock had a trading volume of 5,506,499 shares, compared to its average volume of 5,288,582. The company has a 50 day simple moving average of $50.43 and a two-hundred day simple moving average of $50.41. WisdomTree Floating Rate Treasury Fund has a one year low of $50.23 and a one year high of $50.51.
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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