WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Short Interest Update

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 7,768 shares, a decrease of 72.2% from the May 31st total of 27,982 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 362,284 shares, the days-to-cover ratio is currently 0.0 days.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance

Shares of USDU stock remained flat at $26.74 during mid-day trading on Monday. The stock had a trading volume of 310,040 shares, compared to its average volume of 494,951. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 52-week low of $25.14 and a 52-week high of $27.25. The company has a 50-day moving average of $26.21 and a 200-day moving average of $26.07.

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

A number of hedge funds have recently bought and sold shares of USDU. CIBC Private Wealth Group LLC boosted its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 956 shares of the company’s stock valued at $25,000 after acquiring an additional 580 shares during the last quarter. Fifth Third Bancorp bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter valued at approximately $36,000. Flagship Harbor Advisors LLC bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the fourth quarter valued at approximately $46,000. Tucker Asset Management LLC purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the fourth quarter worth approximately $68,000. Finally, Parallel Advisors LLC bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter worth approximately $96,000.

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.