Short Interest in WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Rises By 2,817.6%

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 215,200 shares, an increase of 2,817.6% from the August 15th total of 7,376 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 449,563 shares, the short-interest ratio is presently 0.5 days.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance

WisdomTree Bloomberg U.S. Dollar Bullish Fund stock traded up $0.09 during mid-day trading on Thursday, reaching $26.26. 76,638 shares of the company were exchanged, compared to its average volume of 476,243. The company has a fifty day simple moving average of $26.50 and a 200-day simple moving average of $26.28. 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 large investors have recently modified their holdings of USDU. CIBC Private Wealth Group LLC increased its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 956 shares of the company’s stock worth $25,000 after purchasing an additional 580 shares during the period. Fifth Third Bancorp bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter valued at about $36,000. Tucker Asset Management LLC bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter valued at about $45,000. Parallel Advisors LLC acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter valued at approximately $96,000. Finally, IFP Advisors Inc acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter valued at approximately $192,000.

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.