Short Interest in WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Decreases By 92.3%

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 6,230 shares, a drop of 92.3% from the April 15th total of 81,405 shares. Based on an average daily volume of 244,363 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance

Shares of USDU traded up $0.06 during midday trading on Monday, reaching $25.87. The stock had a trading volume of 228,647 shares, compared to its average volume of 559,840. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 1-year low of $25.14 and a 1-year high of $27.25. The company’s fifty day simple moving average is $26.05 and its two-hundred day simple moving average is $26.22.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 956 shares of the company’s stock valued at $25,000 after purchasing an additional 580 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 24.4% in the 1st quarter. Parallel Advisors LLC now owns 4,615 shares of the company’s stock valued at $122,000 after purchasing an additional 905 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 1,000 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter valued at $36,000. Finally, Sovereign Financial Group Inc. grew its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 4.1% in the 1st quarter. Sovereign Financial Group Inc. now owns 34,771 shares of the company’s stock valued at $916,000 after buying an additional 1,383 shares during the last quarter.

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.