WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Stock Price Down 0.1% – Should You Sell?

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU)’s stock price traded down 0.1% during trading on Wednesday . The company traded as low as $26.94 and last traded at $26.97. 413,897 shares were traded during mid-day trading, an increase of 44% from the average session volume of 287,952 shares. The stock had previously closed at $26.99.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Down 0.1 %

The firm’s 50 day simple moving average is $27.52 and its two-hundred day simple moving average is $27.43.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the fourth quarter worth $58,000. Vident Advisory LLC bought a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the fourth quarter worth about $1,125,000. Beaumont Capital Management LLC acquired a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter worth about $1,224,000. Prosperity Consulting Group LLC bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter valued at about $375,000. Finally, J. Safra Sarasin Holding AG acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 4th quarter valued at about $2,244,000.

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.