WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR – Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 470,426 shares, a drop of 93.6% from the July 30th total of 7,382,610 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,254,999 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On WisdomTree Floating Rate Treasury Fund
A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in WisdomTree Floating Rate Treasury Fund during the 1st quarter valued at approximately $603,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of WisdomTree Floating Rate Treasury Fund in the 1st quarter valued at approximately $201,000. First Trust Advisors LP bought a new stake in shares of WisdomTree Floating Rate Treasury Fund during the second quarter valued at approximately $204,000. NewEdge Advisors LLC boosted its position in shares of WisdomTree Floating Rate Treasury Fund by 19.8% during the second quarter. NewEdge Advisors LLC now owns 205,741 shares of the company’s stock valued at $10,351,000 after purchasing an additional 34,016 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in WisdomTree Floating Rate Treasury Fund in the second quarter worth $232,000.
WisdomTree Floating Rate Treasury Fund Price Performance
Shares of USFR traded down $0.15 during midday trading on Wednesday, reaching $50.34. The stock had a trading volume of 2,868,743 shares, compared to its average volume of 4,986,165. The company’s 50-day moving average is $50.43 and its 200 day moving average is $50.40. WisdomTree Floating Rate Treasury Fund has a 12-month low of $50.23 and a 12-month 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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