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

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU)’s share price was up 0.2% during trading on Thursday . The company traded as high as $28.16 and last traded at $28.09. Approximately 716,452 shares traded 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 Price Performance

The business has a fifty day simple moving average of $27.22 and a two-hundred day simple moving average of $26.91.

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

Several hedge funds and other institutional investors have recently modified their holdings of USDU. Cetera Investment Advisers purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the first quarter worth about $6,216,000. HBW Advisory Services LLC purchased a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter valued at about $182,000. Csenge Advisory Group purchased a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth about $949,000. Worth Asset Management LLC purchased a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund during the 2nd quarter valued at approximately $638,000. Finally, Sound Income Strategies LLC bought a new stake in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter worth approximately $2,361,000.

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.