WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Shares Up 0.4% – Should You Buy?

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDUGet Free Report)’s share price traded up 0.4% during mid-day trading on Wednesday . The company traded as high as $27.03 and last traded at $27.01. 63,766 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 227,478 shares. The stock had previously closed at $26.91.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

The company has a 50 day simple moving average of $26.62 and a 200 day simple moving average of $26.66.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. HBW Advisory Services LLC acquired a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter valued at $182,000. Hanlon Investment Management Inc. acquired a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter valued at about $351,000. Ascent Group LLC bought a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter worth about $379,000. TrueMark Investments LLC acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter valued at approximately $392,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter valued at approximately $396,000.

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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