WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Short Interest Update

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

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Down 0.1%

USDU stock traded down $0.02 during trading on Friday, reaching $26.68. The company had a trading volume of 316,304 shares, compared to its average volume of 498,250. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a twelve month low of $25.14 and a twelve month high of $27.25. The firm has a 50-day simple moving average of $26.36 and a 200-day simple moving average of $26.07.

Institutional Investors Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its holdings in shares of 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 buying an additional 580 shares during the last quarter. Parallel Advisors LLC lifted its position in 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 during the period. Fifth Third Bancorp acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 1st quarter worth about $36,000. Sovereign Financial Group Inc. grew its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 4.1% during the 1st 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 during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 4th quarter valued at about $46,000.

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.