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

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 7,468 shares, a drop of 61.9% from the December 15th total of 19,602 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 215,976 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 215,976 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

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

Several hedge funds have recently added to or reduced their stakes in USDU. Jane Street Group LLC increased its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 139.9% in the first quarter. Jane Street Group LLC now owns 173,063 shares of the company’s stock valued at $4,718,000 after acquiring an additional 100,920 shares during the period. Flow Traders U.S. LLC bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter valued at approximately $2,082,000. Legacy Capital Wealth Partners LLC bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter valued at approximately $664,000. Virtue Capital Management LLC purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter worth approximately $4,881,000. Finally, Advyzon Investment Management LLC bought a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter worth approximately $2,965,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Up 0.0%

USDU traded up $0.01 during trading on Thursday, reaching $25.99. The stock had a trading volume of 72,096 shares, compared to its average volume of 368,380. The business has a 50-day moving average of $26.60 and a 200-day moving average of $26.45. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a one year low of $25.65 and a one year high of $27.96.

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.