Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN – Get Free Report) shares were down 0.1% during mid-day trading on Thursday . The company traded as low as $18.13 and last traded at $18.18. Approximately 99,434 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 223,762 shares. The stock had previously closed at $18.20.
Invesco DB US Dollar Index Bearish Fund Price Performance
The stock has a 50-day simple moving average of $18.18 and a 200-day simple moving average of $18.33.
Hedge Funds Weigh In On Invesco DB US Dollar Index Bearish Fund
A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund in the 1st quarter valued at approximately $211,000. Bull Harbor Capital LLC acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund in the 1st quarter valued at approximately $359,000. Lido Advisors LLC raised its position in shares of Invesco DB US Dollar Index Bearish Fund by 104.7% in the 1st quarter. Lido Advisors LLC now owns 21,818 shares of the company’s stock valued at $393,000 after purchasing an additional 11,161 shares in the last quarter. Maltin Wealth Management Inc. acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund in the 1st quarter valued at approximately $269,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund in the 4th quarter valued at approximately $88,000.
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). The Fund offers common units of beneficial interest only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.
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