Just three exchange-traded funds hit 52-week highs Tuesday. Neither the PowerShares DB US Dollar Index Bullish (NYSE: UUP) nor the WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSE: USDU) were among that trio.
However, UUP and USDU currently reside an average of about 1 percent below their respective highs. In the actively managed USDU's case, the ETF needs to gain a mere four cents Wednesday to reach an all-time high. Up 4.9 percent and 3.5 percent in just the past month, UUP and USDU offer dream-maker and widow-maker potential heading into year-end for professional traders, as so many have piled into long dollar positions.
“This is where the majority of the risk lies in the professional community at the moment. With 45 days left in 2015, the US dollar is the strategy that will ...
/www.benzinga.com/trading-ideas/long-ideas/15/11/5983671/its-all-about-the-benjamins-baby-dollar-etfs-in-rarefied-air alt=It's All About The Benjamins, Baby: Dollar ETFs In Rarefied Air>Full story available on Benzinga.com
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