WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Shares Shorted: Short Interest Up 687.9% in October

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 149,004 shares, an increase of 687.9% from the September 30th total of 18,911 shares. Based on an average daily volume of 433,319 shares, the short-interest ratio is presently 0.3 days. Currently, 1.2% of the shares of the stock are sold short.

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

Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its holdings 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 valued at $82,397,000 after buying an additional 3,074,866 shares during the last quarter. Envestnet Asset Management Inc. raised its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 313.4% in the second quarter. Envestnet Asset Management Inc. now owns 827,284 shares of the company’s stock worth $22,130,000 after acquiring an additional 627,168 shares in the last quarter. GenWealth Group Inc. increased its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 2.9% in the second quarter. GenWealth Group Inc. now owns 781,534 shares of the company’s stock valued at $20,906,000 after buying an additional 22,302 shares in the last quarter. Osborne Partners Capital Management LLC boosted its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 3.4% during the first quarter. Osborne Partners Capital Management LLC now owns 530,739 shares of the company’s stock worth $13,974,000 after purchasing an additional 17,496 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth $13,494,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance

Shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund stock traded up $0.00 during trading hours on Wednesday, reaching $27.17. 31,067 shares of the company’s stock were exchanged, compared to its average volume of 444,669. The business has a fifty day moving average of $26.70 and a two-hundred day moving average of $26.29. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 1 year low of $25.14 and a 1 year high of $27.29.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Company Profile

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.