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

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 36,459 shares, a growth of 485.2% from the April 30th total of 6,230 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 330,409 shares, the short-interest ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. increased its stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 5,639.0% in the first quarter. Assetmark Inc. now owns 3,129,395 shares of the company’s stock worth $82,397,000 after purchasing an additional 3,074,866 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter worth approximately $15,045,000. Empowered Funds LLC purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter worth approximately $13,494,000. Advyzon Investment Management LLC boosted its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 308.0% in the 4th quarter. Advyzon Investment Management LLC now owns 404,396 shares of the company’s stock valued at $10,433,000 after purchasing an additional 305,287 shares during the period. Finally, Ausdal Financial Partners Inc. grew its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 191.5% during the 4th quarter. Ausdal Financial Partners Inc. now owns 378,246 shares of the company’s stock valued at $9,759,000 after purchasing an additional 248,501 shares in the last quarter.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

Shares of NYSEARCA:USDU opened at $26.16 on Friday. The firm has a 50 day moving average of $26.09 and a 200-day moving average of $26.15. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a 12 month low of $25.14 and a 12 month high of $27.25.

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.