WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Stock Price Up 0.2% – Time to Buy?

Shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) rose 0.2% on Thursday . The company traded as high as $28.16 and last traded at $28.09. Approximately 716,452 shares changed hands during trading, an increase of 222% from the average daily volume of 222,418 shares. The stock had previously closed at $28.05.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Trading Up 0.2 %

The stock has a fifty day simple moving average of $27.15 and a two-hundred day simple moving average of $26.88.

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

A number of hedge funds have recently bought and sold shares of USDU. HBW Advisory Services LLC bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter worth approximately $182,000. Hanlon Investment Management Inc. purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter valued at approximately $351,000. Ascent Group LLC bought a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth approximately $379,000. TrueMark Investments LLC purchased a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth $392,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter valued at $396,000.

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.