Short Interest in WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Rises By 2,817.6%

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 215,200 shares, an increase of 2,817.6% from the August 15th total of 7,376 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 449,563 shares, the short-interest ratio is presently 0.5 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC grew its stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 154.3% in the fourth 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 in the last quarter. Parallel Advisors LLC raised its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 24.4% in 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 in the last quarter. Fifth Third Bancorp bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 1st quarter valued at about $36,000. Sovereign Financial Group Inc. boosted its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 4.1% in the 1st quarter. Sovereign Financial Group Inc. now owns 34,771 shares of the company’s stock valued at $916,000 after purchasing an additional 1,383 shares during the period. Finally, Tucker Asset Management LLC acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter worth approximately $45,000.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

NYSEARCA:USDU traded up $0.09 during mid-day trading on Thursday, hitting $26.26. 76,638 shares of the stock were exchanged, compared to its average volume of 476,243. The firm’s 50-day simple moving average is $26.50 and its 200 day simple moving average is $26.28. WisdomTree Bloomberg U.S. Dollar Bullish Fund has a fifty-two week low of $25.14 and a fifty-two week high of $27.25.

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.