WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU – Get Free Report) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 7,768 shares, a decline of 72.2% from the May 31st total of 27,982 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 362,284 shares, the days-to-cover ratio is currently 0.0 days.
WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance
USDU traded down $0.03 during trading on Friday, hitting $26.74. The stock had a trading volume of 190,665 shares, compared to its average volume of 496,541. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a twelve month low of $25.14 and a twelve month high of $27.25. The stock has a 50 day simple moving average of $26.21 and a two-hundred day simple moving average of $26.08.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 260.1% during the 4th quarter. LPL Financial LLC now owns 47,117 shares of the company’s stock worth $1,216,000 after buying an additional 34,032 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the fourth quarter worth about $1,202,000. Parallel Advisors LLC purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the fourth quarter worth about $96,000. CIBC Private Wealth Group LLC grew its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 956 shares of the company’s stock worth $25,000 after acquiring an additional 580 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth about $3,005,000.
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.
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