WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Short Interest Update

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 16,500 shares, a decline of 72.1% from the May 15th total of 59,200 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 242,300 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund

Several institutional investors and hedge funds have recently made changes to their positions in USDU. 3EDGE Asset Management LP acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter valued at $46,500,000. Vident Advisory LLC grew its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 741.4% in the 1st quarter. Vident Advisory LLC now owns 342,381 shares of the company’s stock valued at $9,333,000 after buying an additional 301,691 shares during the period. Accurate Wealth Management LLC acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter valued at $4,738,000. HighTower Advisors LLC boosted its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 340.1% in the 4th quarter. HighTower Advisors LLC now owns 223,911 shares of the company’s stock worth $6,193,000 after purchasing an additional 173,028 shares during the period. Finally, Townsquare Capital LLC acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter worth $4,392,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance

USDU traded up $0.06 during trading on Friday, reaching $25.98. 54,153 shares of the company’s stock were exchanged, compared to its average volume of 296,420. The company’s fifty day moving average price is $26.30 and its 200-day moving average price is $27.14. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a fifty-two week low of $25.42 and a fifty-two week high of $28.89.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Company Profile

The WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is an exchange-traded fund that is based on the Bloomberg Dollar Total Return index. The fund is an actively managed ETF that goes long the US dollar against a basket of global currencies from developed as well as emerging markets. USDU was launched on Dec 18, 2013 and is managed by WisdomTree.