WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Shares Shorted: Short Interest Down 82.8% in September

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 37,006 shares, a drop of 82.8% from the August 31st total of 215,200 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 309,016 shares, the days-to-cover ratio is presently 0.1 days.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance

USDU traded down $0.06 on Friday, reaching $26.83. The company had a trading volume of 246,811 shares, compared to its average volume of 463,302. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 1 year low of $25.14 and a 1 year high of $27.25. The stock has a 50-day moving average price of $26.46 and a 200-day moving average price of $26.34.

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

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 24.4% in the first quarter. Parallel Advisors LLC now owns 4,615 shares of the company’s stock valued at $122,000 after acquiring an additional 905 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth $36,000. Sovereign Financial Group Inc. lifted its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 4.1% in the first quarter. Sovereign Financial Group Inc. now owns 34,771 shares of the company’s stock worth $916,000 after purchasing an additional 1,383 shares in the last quarter. Tucker Asset Management LLC acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter worth $45,000. Finally, Bank of America Corp DE grew its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 18.4% in the 1st quarter. Bank of America Corp DE now owns 42,045 shares of the company’s stock valued at $1,107,000 after buying an additional 6,547 shares during the last quarter.

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.