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

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) was the target of a significant drop in short interest in 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 short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted 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 buying an additional 1,551,622 shares during the last quarter. NewEdge Wealth LLC acquired a new position in WisdomTree Floating Rate Treasury Fund during the fourth quarter worth $419,186,000. Captrust Financial Advisors raised its position in WisdomTree Floating Rate Treasury Fund by 1.7% during the fourth quarter. Captrust Financial Advisors now owns 7,196,392 shares of the company’s stock worth $362,122,000 after acquiring an additional 117,325 shares in the last quarter. Raymond James Financial Inc. raised its position in WisdomTree Floating Rate Treasury Fund by 5.5% during the fourth quarter. Raymond James Financial Inc. now owns 7,107,531 shares of the company’s stock worth $357,651,000 after acquiring an additional 371,877 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in WisdomTree Floating Rate Treasury Fund by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 4,582,438 shares of the company’s stock valued at $230,527,000 after acquiring an additional 205,006 shares during the last quarter.

WisdomTree Floating Rate Treasury Fund Price Performance

Shares of NYSEARCA:USFR opened at $50.35 on Wednesday. The company’s 50-day moving average price is $50.41 and its two-hundred day moving average price is $50.40. WisdomTree Floating Rate Treasury Fund has a one year low of $50.23 and a one year high of $50.51.

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.