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

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 18,911 shares, a drop of 48.9% from the September 15th total of 37,006 shares. Based on an average daily volume of 308,034 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of WisdomTree Bloomberg U.S. Dollar Bullish Fund

Several large investors have recently modified their holdings of the company. Worth Asset Management LLC boosted its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 8.6% in the third quarter. Worth Asset Management LLC now owns 9,489 shares of the company’s stock valued at $256,000 after purchasing an additional 753 shares during the period. Parallel Advisors LLC increased its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 24.4% during the 1st quarter. Parallel Advisors LLC now owns 4,615 shares of the company’s stock worth $122,000 after purchasing an additional 905 shares during the period. Fifth Third Bancorp purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 1st quarter worth about $36,000. Sovereign Financial Group Inc. increased its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 4.1% during the 1st quarter. Sovereign Financial Group Inc. now owns 34,771 shares of the company’s stock worth $916,000 after purchasing an additional 1,383 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth approximately $45,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Trading Up 0.3%

NYSEARCA:USDU traded up $0.07 during trading hours on Wednesday, reaching $27.23. The company had a trading volume of 79,384 shares, compared to its average volume of 458,588. The firm’s 50 day moving average price is $26.56 and its 200-day moving average price is $26.42. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 52 week low of $25.14 and a 52 week high of $27.29.

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.