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

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of WisdomTree Floating Rate Treasury Fund by 10.8% during the first quarter. Bank of America Corp DE now owns 15,934,091 shares of the company’s stock worth $802,122,000 after acquiring an additional 1,551,622 shares in the last quarter. NewEdge Wealth LLC bought a new stake in WisdomTree Floating Rate Treasury Fund in the 4th quarter valued at $419,186,000. Captrust Financial Advisors lifted its position in WisdomTree Floating Rate Treasury Fund by 1.7% in the 4th quarter. Captrust Financial Advisors now owns 7,196,392 shares of the company’s stock valued at $362,122,000 after acquiring an additional 117,325 shares in the last quarter. Raymond James Financial Inc. boosted its stake in WisdomTree Floating Rate Treasury Fund by 5.5% in the 4th 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 period. Finally, Ameriprise Financial Inc. boosted its stake in WisdomTree Floating Rate Treasury Fund by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,582,438 shares of the company’s stock worth $230,527,000 after purchasing an additional 205,006 shares during the period.

WisdomTree Floating Rate Treasury Fund Stock Performance

NYSEARCA:USFR opened at $50.50 on Monday. The business’s 50-day simple moving average is $50.41 and its 200-day simple moving average is $50.40. WisdomTree Floating Rate Treasury Fund has a fifty-two week low of $50.23 and a fifty-two week high of $50.50.

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.