WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 36,459 shares, an increase of 485.2% from the April 30th total of 6,230 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 330,409 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 18.4% during the first quarter. Bank of America Corp DE now owns 42,045 shares of the company’s stock worth $1,107,000 after purchasing an additional 6,547 shares during the last quarter. Empowered Funds LLC acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth about $13,494,000. Gateway Wealth Partners LLC acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth about $1,161,000. Cetera Investment Advisers acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth about $3,005,000. Finally, Balefire LLC acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth about $1,691,000.
WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Down 0.2%
NYSEARCA:USDU traded down $0.05 during trading hours on Thursday, hitting $26.18. The company had a trading volume of 287,517 shares, compared to its average volume of 530,008. The company has a 50-day moving average of $26.09 and a 200 day moving average of $26.15. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 1 year low of $25.14 and a 1 year high of $27.25.
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.
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