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

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 33,062 shares, a growth of 325.6% from the June 15th total of 7,768 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 371,948 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund

Hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC lifted its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 956 shares of the company’s stock valued at $25,000 after acquiring an additional 580 shares in the last quarter. Parallel Advisors LLC raised its position 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 purchasing an additional 905 shares during the period. Fifth Third Bancorp purchased a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 1st quarter worth approximately $36,000. Sovereign Financial Group Inc. boosted its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 4.1% during the 1st quarter. Sovereign Financial Group Inc. now owns 34,771 shares of the company’s stock valued at $916,000 after acquiring an additional 1,383 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 4th quarter worth approximately $46,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance

NYSEARCA USDU traded down $0.17 on Tuesday, hitting $26.61. The stock had a trading volume of 88,845 shares, compared to its average volume of 492,351. The business’s fifty day moving average price is $26.38 and its 200 day moving average price is $26.07. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 52-week low of $25.14 and a 52-week high of $27.25.

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.