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

by · The Markets Daily

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

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

USDU traded down $0.06 on Friday, hitting $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 52-week low of $25.14 and a 52-week high of $27.25. The stock has a fifty day simple moving average of $26.46 and a 200-day simple moving average of $26.34.

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

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. grew its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 5,639.0% in the first quarter. Assetmark Inc. now owns 3,129,395 shares of the company’s stock worth $82,397,000 after purchasing an additional 3,074,866 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 313.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 827,284 shares of the company’s stock valued at $22,130,000 after buying an additional 627,168 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 1st quarter valued at $13,494,000. Ameritas Advisory Services LLC grew its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 711.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 326,163 shares of the company’s stock worth $8,725,000 after buying an additional 285,958 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter worth about $3,005,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Company Profile

(Get Free Report)

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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