WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 215,200 shares, an increase of 2,817.6% from the August 15th total of 7,376 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 449,563 shares, the days-to-cover ratio is presently 0.5 days.
WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance
Shares of NYSEARCA USDU opened at $26.28 on Friday. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 12-month low of $25.14 and a 12-month high of $27.25. The firm has a 50 day moving average of $26.48 and a 200 day moving average of $26.28.
Institutional Investors Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund
Hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 956 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares in the last quarter. Fifth Third Bancorp bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter valued at about $36,000. Tucker Asset Management LLC purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth about $45,000. Parallel Advisors LLC purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the fourth quarter worth about $96,000. Finally, IFP Advisors Inc bought a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth about $192,000.
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.
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