WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Trading Down 0.2% – What’s Next?

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) shares traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as $27.42 and last traded at $27.44. 23,753 shares changed hands during trading, a decline of 89% from the average session volume of 222,641 shares. The stock had previously closed at $27.49.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Down 0.2 %

The business’s fifty day simple moving average is $26.79 and its 200 day simple moving average is $26.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Aveo Capital Partners LLC raised its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 984.1% during the second quarter. Aveo Capital Partners LLC now owns 147,901 shares of the company’s stock worth $4,007,000 after acquiring an additional 134,258 shares during the period. TrueMark Investments LLC acquired a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth about $392,000. Envestnet Portfolio Solutions Inc. bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter valued at about $396,000. GenWealth Group Inc. increased its stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 0.8% during the 2nd quarter. GenWealth Group Inc. now owns 505,516 shares of the company’s stock valued at $13,694,000 after buying an additional 4,058 shares during the period. Finally, Moulton Wealth Management Inc. bought a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter worth about $1,376,000.

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.