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

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) shot up 0.1% during trading on Friday . The stock traded as high as $28.27 and last traded at $28.24. 98,445 shares traded hands during trading, a decline of 55% from the average session volume of 220,785 shares. The stock had previously closed at $28.22.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Up 0.1 %

The company’s fifty day simple moving average is $27.65 and its 200-day simple moving average is $27.06.

Hedge Funds Weigh In On WisdomTree Bloomberg U.S. Dollar Bullish Fund

Several hedge funds have recently modified their holdings of USDU. Hanlon Investment Management Inc. purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter valued at approximately $351,000. Ascent Group LLC acquired a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth $379,000. TrueMark Investments LLC purchased a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter worth $392,000. Envestnet Portfolio Solutions Inc. acquired a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter valued at $396,000. Finally, Napa Wealth Management purchased a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the third quarter valued at $895,000.

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.