Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Trading Up 0.2% – Time to Buy?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s stock price shot up 0.2% on Friday . The stock traded as high as $18.52 and last traded at $18.49. 228,234 shares traded hands during trading, an increase of 15% from the average session volume of 197,612 shares. The stock had previously closed at $18.45.

Invesco DB US Dollar Index Bearish Fund Trading Up 0.2%

The firm’s 50-day moving average price is $18.69 and its two-hundred day moving average price is $18.60.

Institutional Trading of Invesco DB US Dollar Index Bearish Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 33.9% in the 3rd quarter. HighTower Advisors LLC now owns 570,849 shares of the company’s stock valued at $10,743,000 after purchasing an additional 144,616 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 274.4% in the second quarter. Bank of America Corp DE now owns 396,474 shares of the company’s stock valued at $7,497,000 after acquiring an additional 290,591 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Invesco DB US Dollar Index Bearish Fund in the second quarter valued at approximately $4,747,000. Osaic Holdings Inc. grew its position in shares of Invesco DB US Dollar Index Bearish Fund by 35,327.0% during the second quarter. Osaic Holdings Inc. now owns 35,427 shares of the company’s stock worth $670,000 after acquiring an additional 35,327 shares during the last quarter. Finally, Solstein Capital LLC acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund in the 2nd quarter valued at $621,000.

About Invesco DB US Dollar Index Bearish Fund

PowerShares DB US Dollar Index Bearish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund’s subsidiary is DB US Dollar Index Bearish Master Fund (the Master Fund), which is a separate series of DB US Dollar Index Bearish Master Trust (the Master Trust).