WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Trading Down 0.1% – Here’s What Happened

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) shares fell 0.1% during mid-day trading on Wednesday . The company traded as low as $26.94 and last traded at $26.97. 413,897 shares were traded during trading, an increase of 44% from the average session volume of 287,952 shares. The stock had previously closed at $26.99.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Performance

The stock’s fifty day simple moving average is $27.52 and its 200-day simple moving average is $27.43.

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

A number of institutional investors have recently added to or reduced their stakes in USDU. PFG Advisors increased its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 7.1% during the fourth quarter. PFG Advisors now owns 10,877 shares of the company’s stock valued at $301,000 after acquiring an additional 718 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 0.9% during the 4th quarter. JPMorgan Chase & Co. now owns 80,523 shares of the company’s stock valued at $2,227,000 after purchasing an additional 729 shares during the last quarter. NewSquare Capital LLC raised its stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 2.3% during the 4th quarter. NewSquare Capital LLC now owns 74,822 shares of the company’s stock worth $2,070,000 after purchasing an additional 1,656 shares during the period. Continuum Advisory LLC purchased a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 4th quarter worth about $58,000. Finally, TAP Consulting LLC grew its position in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 4.5% during the fourth quarter. TAP Consulting LLC now owns 55,547 shares of the company’s stock valued at $1,536,000 after buying an additional 2,374 shares during the period.

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.