WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Trading 0.3% Higher – Here’s What Happened

Shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) were up 0.3% on Wednesday . The company traded as high as $27.61 and last traded at $27.47. Approximately 166,613 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 665,713 shares. The stock had previously closed at $27.40.

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

The firm’s 50-day moving average is $27.81 and its 200 day moving average is $27.37.

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

Hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC purchased a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter valued at about $58,000. Matrix Trust Co acquired a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter valued at about $91,000. Norden Group LLC bought a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the fourth quarter worth about $213,000. PFG Advisors grew its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 7.1% in the fourth quarter. PFG Advisors now owns 10,877 shares of the company’s stock worth $301,000 after purchasing an additional 718 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the fourth quarter valued at about $360,000.

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.