WisdomTree Bloomberg Floating Rate Treasury Fund (NYSEARCA:USFR) Sees Large Volume Increase – What’s Next?

Shares of WisdomTree Bloomberg Floating Rate Treasury Fund (NYSEARCA:USFR) saw unusually-strong trading volume on Tuesday . Approximately 15,522,380 shares traded hands during trading, an increase of 287% from the previous session’s volume of 4,005,959 shares.The stock last traded at $50.41 and had previously closed at $50.40.

WisdomTree Bloomberg Floating Rate Treasury Fund Price Performance

The stock’s 50-day simple moving average is $50.34 and its 200-day simple moving average is $50.35.

Hedge Funds Weigh In On WisdomTree Bloomberg Floating Rate Treasury Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Cascade Investment Advisors Inc. grew its stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 2.4% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 9,708 shares of the company’s stock worth $488,000 after buying an additional 227 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in WisdomTree Bloomberg Floating Rate Treasury Fund by 1.5% in the third quarter. OneDigital Investment Advisors LLC now owns 16,725 shares of the company’s stock worth $840,000 after purchasing an additional 251 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 0.4% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 70,383 shares of the company’s stock worth $3,541,000 after buying an additional 283 shares during the last quarter. Simplicity Wealth LLC lifted its stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 5.5% in the 3rd quarter. Simplicity Wealth LLC now owns 6,008 shares of the company’s stock worth $302,000 after purchasing an additional 311 shares during the period. Finally, WESCAP Management Group Inc. boosted its stake in shares of WisdomTree Bloomberg Floating Rate Treasury Fund by 1.2% during the 3rd quarter. WESCAP Management Group Inc. now owns 34,605 shares of the company’s stock worth $1,738,000 after acquiring an additional 396 shares during the last quarter.

About WisdomTree Bloomberg 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.