WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Sees Large Increase in Short Interest

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 36,459 shares, an increase of 485.2% from the April 30th total of 6,230 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 330,409 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of WisdomTree Bloomberg U.S. Dollar Bullish Fund

Several large investors have recently made changes to their positions in USDU. Jane Street Group LLC boosted its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 139.9% during the 1st quarter. Jane Street Group LLC now owns 173,063 shares of the company’s stock valued at $4,718,000 after purchasing an additional 100,920 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 3rd quarter valued at about $3,317,000. AE Wealth Management LLC boosted its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 147.1% during the 3rd quarter. AE Wealth Management LLC now owns 1,680 shares of the company’s stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 3rd quarter valued at about $3,676,000. Finally, Maridea Wealth Management LLC boosted its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 104.1% during the 3rd quarter. Maridea Wealth Management LLC now owns 125,943 shares of the company’s stock valued at $3,353,000 after purchasing an additional 64,227 shares during the last quarter.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

Shares of USDU traded down $0.01 during trading hours on Friday, hitting $26.16. The stock had a trading volume of 184,090 shares, compared to its average volume of 527,312. The firm has a 50 day simple moving average of $26.09 and a 200-day simple moving average of $26.15. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 1-year low of $25.14 and a 1-year high of $27.25.

About WisdomTree Bloomberg U.S. Dollar Bullish Fund

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.