Short Interest in WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Drops By 93.6%

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 470,426 shares, a decrease of 93.6% from the July 30th total of 7,382,610 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 5,254,999 shares, the days-to-cover ratio is currently 0.1 days.

WisdomTree Floating Rate Treasury Fund Price Performance

NYSEARCA USFR traded up $0.01 during trading on Tuesday, hitting $50.50. 7,743,624 shares of the company traded hands, compared to its average volume of 4,999,977. WisdomTree Floating Rate Treasury Fund has a 12 month low of $50.23 and a 12 month high of $50.51. The business has a fifty day simple moving average of $50.43 and a 200 day simple moving average of $50.40.

Institutional Investors Weigh In On WisdomTree Floating Rate Treasury Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acorn Creek Capital LLC lifted its position in shares of WisdomTree Floating Rate Treasury Fund by 18.2% during the 4th quarter. Acorn Creek Capital LLC now owns 240,579 shares of the company’s stock worth $12,106,000 after buying an additional 37,086 shares during the period. Broussard Financial Group LLC bought a new stake in WisdomTree Floating Rate Treasury Fund in the fourth quarter valued at $17,268,000. Vantage Point Financial LLC grew its position in WisdomTree Floating Rate Treasury Fund by 5.8% in the fourth quarter. Vantage Point Financial LLC now owns 84,197 shares of the company’s stock valued at $4,237,000 after acquiring an additional 4,599 shares during the period. Laurel Wealth Advisors LLC raised its stake in WisdomTree Floating Rate Treasury Fund by 5.9% during the fourth quarter. Laurel Wealth Advisors LLC now owns 161,211 shares of the company’s stock worth $8,112,000 after acquiring an additional 8,992 shares in the last quarter. Finally, Strategic Blueprint LLC raised its stake in WisdomTree Floating Rate Treasury Fund by 8.3% during the fourth quarter. Strategic Blueprint LLC now owns 17,396 shares of the company’s stock worth $875,000 after acquiring an additional 1,337 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.