Short Interest in WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Drops By 72.2%

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

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

NYSEARCA:USDU opened at $26.74 on Friday. The business has a 50 day moving average of $26.21 and a 200 day moving average of $26.08. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 1-year low of $25.14 and a 1-year high of $27.25.

Institutional Investors Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 5,639.0% in the 1st quarter. Assetmark Inc. now owns 3,129,395 shares of the company’s stock valued at $82,397,000 after purchasing an additional 3,074,866 shares in the last quarter. GenWealth Group Inc. grew its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 8.2% during the 3rd quarter. GenWealth Group Inc. now owns 638,295 shares of the company’s stock valued at $16,845,000 after purchasing an additional 48,355 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter worth $15,045,000. Osborne Partners Capital Management LLC raised its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 3.4% in the 1st quarter. Osborne Partners Capital Management LLC now owns 530,739 shares of the company’s stock worth $13,974,000 after purchasing an additional 17,496 shares during the period. Finally, Empowered Funds LLC bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the first quarter worth $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.