WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 13,148 shares, a drop of 60.2% from the June 30th total of 33,062 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 378,103 shares, the days-to-cover ratio is currently 0.0 days.
WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance
Shares of USDU opened at $26.82 on Monday. The company has a 50-day simple moving average of $26.52 and a 200-day simple moving average of $26.11. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 52 week low of $25.14 and a 52 week high of $27.25.
Institutional Investors Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund
A number of hedge funds have recently added to or reduced their stakes in USDU. Bank of America Corp DE increased its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 18.4% in the first quarter. Bank of America Corp DE now owns 42,045 shares of the company’s stock valued at $1,107,000 after purchasing an additional 6,547 shares during the last quarter. GenWealth Group Inc. lifted its stake 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. Fifth Third Bancorp acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter worth $36,000. Empowered Funds LLC bought a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth about $13,494,000. Finally, Gateway Wealth Partners LLC bought a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 1st quarter worth approximately $1,161,000.
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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