WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Stock Short Interest Declines 48.9%

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 18,911 shares, a decline of 48.9% from the September 15th total of 37,006 shares. Based on an average daily trading volume, of 308,034 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 1st quarter valued at about $36,000. Tucker Asset Management LLC acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter worth approximately $45,000. Parallel Advisors LLC increased its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 24.4% during the first quarter. Parallel Advisors LLC now owns 4,615 shares of the company’s stock worth $122,000 after purchasing an additional 905 shares during the last quarter. IFP Advisors Inc purchased a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter worth approximately $192,000. Finally, Kaizen Financial Strategies acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter valued at $207,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Trading Down 0.2%

Shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund stock traded down $0.06 on Friday, reaching $27.09. 301,767 shares of the stock were exchanged, compared to its average volume of 458,214. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 1-year low of $25.14 and a 1-year high of $27.29. The business has a fifty day moving average price of $26.59 and a two-hundred day moving average price of $26.43.

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.