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

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 5,165 shares, an increase of 49.6% from the January 29th total of 3,452 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 532,583 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 532,583 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted 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 valued at $25,000 after buying an additional 580 shares during the last quarter. AE Wealth Management LLC raised its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 147.1% in the 3rd quarter. AE Wealth Management LLC now owns 1,680 shares of the company’s stock valued at $44,000 after acquiring an additional 1,000 shares during the period. NewSquare Capital LLC lifted its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 2.1% during the 2nd quarter. NewSquare Capital LLC now owns 73,608 shares of the company’s stock valued at $1,897,000 after purchasing an additional 1,522 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the fourth quarter worth $46,000. Finally, Sovereign Financial Group Inc. increased its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 6.2% in the fourth quarter. Sovereign Financial Group Inc. now owns 33,388 shares of the company’s stock valued at $861,000 after purchasing an additional 1,960 shares during the last quarter.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

Shares of USDU opened at $25.41 on Friday. The company’s fifty day simple moving average is $25.76 and its 200 day simple moving average is $26.33. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 1-year low of $25.14 and a 1-year high of $27.70.

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.