WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR – Get Free Report) was the target of a significant growth in short interest in the month of 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 trading volume of 7,395,250 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the company’s stock are sold short.
WisdomTree Floating Rate Treasury Fund Trading Up 0.0%
NYSEARCA:USFR traded up $0.01 during midday trading on Friday, reaching $50.44. The company had a trading volume of 5,506,499 shares, compared to its average volume of 5,288,582. The stock’s fifty day simple moving average is $50.43 and its 200-day simple moving average is $50.41. WisdomTree Floating Rate Treasury Fund has a 12-month low of $50.23 and a 12-month high of $50.51.
Institutional Investors Weigh In On WisdomTree Floating Rate Treasury Fund
A number of hedge funds have recently bought and sold shares of USFR. CogentBlue Wealth Advisors LLC grew its position in shares of WisdomTree Floating Rate Treasury Fund by 37.6% during the third quarter. CogentBlue Wealth Advisors LLC now owns 9,171 shares of the company’s stock worth $462,000 after buying an additional 2,507 shares in the last quarter. GK Wealth Management LLC acquired a new stake in WisdomTree Floating Rate Treasury Fund in the third quarter valued at approximately $47,000. Castle Rock Wealth Management LLC lifted its stake in WisdomTree Floating Rate Treasury Fund by 7.1% in the third quarter. Castle Rock Wealth Management LLC now owns 242,868 shares of the company’s stock worth $12,243,000 after acquiring an additional 16,028 shares during the last quarter. Avaii Wealth Management LLC lifted its stake in WisdomTree Floating Rate Treasury Fund by 1.9% in the third quarter. Avaii Wealth Management LLC now owns 28,448 shares of the company’s stock worth $1,434,000 after acquiring an additional 520 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in WisdomTree Floating Rate Treasury Fund by 13.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 47,996 shares of the company’s stock worth $2,419,000 after acquiring an additional 5,744 shares in the last quarter.
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.
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