Short Interest in WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Rises By 485.2%

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the recipient of a large increase in short interest in the month of 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. Based on an average daily volume of 330,409 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Trading Down 0.2%

Shares of USDU stock traded down $0.05 during trading hours on Thursday, hitting $26.18. 287,517 shares of the company’s stock were exchanged, compared to its average volume of 530,008. The firm has a 50 day moving average of $26.09 and a two-hundred day moving average of $26.15. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a fifty-two week low of $25.14 and a fifty-two week high of $27.25.

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

A number of large investors have recently added to or reduced their stakes in USDU. Jane Street Group LLC raised its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 139.9% during the first quarter. Jane Street Group LLC now owns 173,063 shares of the company’s stock worth $4,718,000 after acquiring an additional 100,920 shares during the period. J. Safra Sarasin Holding AG acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the third quarter worth $3,317,000. AE Wealth Management LLC raised its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 147.1% during the third quarter. AE Wealth Management LLC now owns 1,680 shares of the company’s stock worth $44,000 after acquiring an additional 1,000 shares during the period. Fortis Group Advisors LLC acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the third quarter worth $3,676,000. Finally, Maridea Wealth Management LLC raised its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 104.1% during the third quarter. Maridea Wealth Management LLC now owns 125,943 shares of the company’s stock worth $3,353,000 after acquiring an additional 64,227 shares during the period.

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.