WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU – Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 215,200 shares, a growth of 2,817.6% from the August 15th total of 7,376 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 449,563 shares, the days-to-cover ratio is currently 0.5 days.
WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance
Shares of USDU opened at $26.26 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 fifty day simple moving average of $26.49 and a 200 day simple moving average of $26.28.
Institutional Investors Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund
Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC raised 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 worth $25,000 after acquiring an additional 580 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the first quarter valued at approximately $36,000. Tucker Asset Management LLC acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter worth approximately $45,000. Parallel Advisors LLC acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 4th quarter valued at $96,000. Finally, IFP Advisors Inc acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter valued at $192,000.
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.
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