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

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 420,735 shares, a growth of 10,726.9% from the February 26th total of 3,886 shares. Based on an average trading volume of 1,355,760 shares, the days-to-cover ratio is currently 0.3 days. Currently, 5.8% of the shares of the company are short sold. Currently, 5.8% of the shares of the company are short sold. Based on an average trading volume of 1,355,760 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 4th quarter worth $15,045,000. Trek Financial LLC purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the third quarter valued at about $8,543,000. Advyzon Investment Management LLC boosted its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 308.0% in the fourth quarter. Advyzon Investment Management LLC now owns 404,396 shares of the company’s stock valued at $10,433,000 after acquiring an additional 305,287 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 191.5% during the fourth quarter. Ausdal Financial Partners Inc. now owns 378,246 shares of the company’s stock worth $9,759,000 after acquiring an additional 248,501 shares during the period. Finally, Virtue Capital Management LLC acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter worth about $4,881,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Trading Up 0.3%

Shares of USDU stock traded up $0.07 during midday trading on Tuesday, hitting $26.18. The company had a trading volume of 277,768 shares, compared to its average volume of 590,876. The company’s 50 day simple moving average is $25.77 and its 200 day simple moving average is $26.30. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 52-week low of $25.14 and a 52-week high of $27.45.

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.