WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) Short Interest Up 1,216.6% in July

WisdomTree Floating Rate Treasury Fund (NYSEARCA:USFR) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 7,382,610 shares, a growth of 1,216.6% from the July 15th total of 560,736 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 5,898,183 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of WisdomTree Floating Rate Treasury Fund

Several hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in WisdomTree Floating Rate Treasury Fund in the 1st quarter worth about $603,000. Ashton Thomas Private Wealth LLC purchased a new stake in WisdomTree Floating Rate Treasury Fund during the first quarter valued at about $201,000. First Trust Advisors LP bought a new position in WisdomTree Floating Rate Treasury Fund during the second quarter worth about $204,000. NewEdge Advisors LLC boosted its position in 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 worth $10,351,000 after purchasing an additional 34,016 shares during the period. Finally, Diversify Wealth Management LLC bought a new position in WisdomTree Floating Rate Treasury Fund during the second quarter worth about $232,000.

WisdomTree Floating Rate Treasury Fund Price Performance

WisdomTree Floating Rate Treasury Fund stock traded down $0.01 during trading on Tuesday, hitting $50.42. The stock had a trading volume of 4,390,535 shares, compared to its average volume of 5,039,641. WisdomTree Floating Rate Treasury Fund has a 1 year low of $50.23 and a 1 year high of $50.51. The stock’s 50 day moving average is $50.41 and its two-hundred day moving average is $50.40.

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.