WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Sees Significant Decline in Short Interest

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 37,373 shares, a drop of 74.9% from the October 15th total of 149,004 shares. Based on an average daily trading volume, of 261,744 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 3rd quarter valued at $6,826,000. Private Advisor Group LLC bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 3rd quarter worth $205,000. HighTower Advisors LLC purchased a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the third quarter valued at about $4,288,000. Thor Trading Advisors LLC increased its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 377.7% in the third quarter. Thor Trading Advisors LLC now owns 238,989 shares of the company’s stock valued at $6,446,000 after acquiring an additional 188,961 shares during the period. Finally, Heritage Family Offices LLP purchased a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the third quarter valued at about $42,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Up 0.1%

Shares of NYSEARCA:USDU traded up $0.04 on Friday, reaching $27.49. 103,852 shares of the company traded hands, compared to its average volume of 445,888. The business’s 50-day simple moving average is $26.94 and its 200 day simple moving average is $26.38. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 52 week low of $25.14 and a 52 week high of $27.49.

About WisdomTree Bloomberg U.S. Dollar Bullish Fund

(Get Free Report)

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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