Short Interest in WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Expands By 118.5%

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,376 shares, a growth of 118.5% from the July 30th total of 3,375 shares. Based on an average trading volume of 724,384 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

Shares of USDU opened at $26.38 on Monday. The firm has a fifty day simple moving average of $26.57 and a 200 day simple moving average of $26.23. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 12 month low of $25.14 and a 12 month high of $27.25.

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

Several hedge funds have recently added to or reduced their stakes in USDU. CIBC Private Wealth Group LLC boosted its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 956 shares of the company’s stock worth $25,000 after acquiring an additional 580 shares in the last quarter. Parallel Advisors LLC raised its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 24.4% during the 1st quarter. Parallel Advisors LLC now owns 4,615 shares of the company’s stock worth $122,000 after acquiring an additional 905 shares in the last quarter. Fifth Third Bancorp purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth approximately $36,000. Sovereign Financial Group Inc. boosted its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 4.1% in the first quarter. Sovereign Financial Group Inc. now owns 34,771 shares of the company’s stock valued at $916,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter valued at approximately $45,000.

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.