WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Short Interest Up 325.6% in June

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 33,062 shares, an increase of 325.6% from the June 15th total of 7,768 shares. Based on an average daily trading volume, of 371,948 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

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

Several hedge funds and other institutional investors have recently modified their holdings of USDU. CIBC Private Wealth Group LLC boosted its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 956 shares of the company’s stock valued at $25,000 after purchasing an additional 580 shares during the last quarter. Fifth Third Bancorp acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter worth about $36,000. Flagship Harbor Advisors LLC purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 4th quarter worth about $46,000. Tucker Asset Management LLC purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 4th quarter worth about $68,000. Finally, Parallel Advisors LLC purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 4th quarter worth about $96,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Trading Up 0.4%

Shares of NYSEARCA:USDU traded up $0.10 during trading on Monday, reaching $26.78. 148,290 shares of the company traded hands, compared to its average volume of 495,579. The firm has a fifty day simple moving average of $26.38 and a 200 day simple moving average of $26.07. 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.