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

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

WisdomTree Bloomberg U.S. Dollar Bullish Fund Stock Up 0.5 %

The firm has a fifty day moving average price of $26.81 and a 200 day moving average price of $26.77.

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

Institutional investors have recently modified their holdings of the stock. HBW Advisory Services LLC bought a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter valued at approximately $182,000. Hanlon Investment Management Inc. bought a new position in WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter valued at $351,000. Ascent Group LLC acquired a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund in the 2nd quarter valued at $379,000. TrueMark Investments LLC bought a new stake in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter worth $392,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of WisdomTree Bloomberg U.S. Dollar Bullish Fund during the second quarter valued at $396,000.

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.