WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU – Get Free Report) was the target of a significant decline in short interest during 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. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 309,016 shares, the short-interest ratio is presently 0.1 days.
WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Up 0.5%
Shares of USDU stock opened at $26.89 on Friday. The firm’s 50 day moving average price is $26.46 and its two-hundred day moving average price is $26.34. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 52-week low of $25.14 and a 52-week high of $27.25.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. grew its stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 5,639.0% during 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. raised its holdings 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 purchasing an additional 627,168 shares during the period. GenWealth Group Inc. raised its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 2.9% during the 2nd quarter. GenWealth Group Inc. now owns 781,534 shares of the company’s stock worth $20,906,000 after buying an additional 22,302 shares during the period. Osborne Partners Capital Management LLC lifted its holdings 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 acquiring an additional 17,496 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the first quarter valued at about $13,494,000.
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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