WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU) Stock Price Down 0.8% – Should You Sell?

WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEARCA:USDU)’s stock price dropped 0.8% during trading on Monday . The stock traded as low as $27.53 and last traded at $27.59. Approximately 975,681 shares were traded during trading, a decline of 34% from the average daily volume of 1,467,660 shares. The stock had previously closed at $27.80.

WisdomTree Bloomberg U.S. Dollar Bullish Fund Price Performance

The stock’s 50-day moving average is $27.96 and its two-hundred day moving average is $27.21.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. PFG Advisors lifted its holdings in WisdomTree Bloomberg U.S. Dollar Bullish Fund by 1.9% during the 2nd quarter. PFG Advisors now owns 280,004 shares of the company’s stock valued at $7,585,000 after buying an additional 5,123 shares in the last quarter. Dravo Bay LLC increased its position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 9.4% during the second quarter. Dravo Bay LLC now owns 73,329 shares of the company’s stock worth $1,986,000 after acquiring an additional 6,309 shares during the period. TAP Consulting LLC raised its stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 13.5% during the third quarter. TAP Consulting LLC now owns 53,173 shares of the company’s stock valued at $1,411,000 after acquiring an additional 6,336 shares in the last quarter. Osborne Partners Capital Management LLC boosted its holdings in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund by 2.3% in the third quarter. Osborne Partners Capital Management LLC now owns 458,069 shares of the company’s stock valued at $12,153,000 after purchasing an additional 10,260 shares during the period. Finally, Ascent Group LLC bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the second quarter worth approximately $379,000.

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.