Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 160,102 shares, a growth of 191.6% from the August 15th total of 54,902 shares. Based on an average trading volume of 102,662 shares, the short-interest ratio is currently 1.6 days. Currently, 2.7% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in Invesco DB US Dollar Index Bearish Fund by 274.4% during the 2nd quarter. Bank of America Corp DE now owns 396,474 shares of the company’s stock worth $7,497,000 after acquiring an additional 290,591 shares during the period. GFS Advisors LLC acquired a new stake in Invesco DB US Dollar Index Bearish Fund during the 4th quarter valued at approximately $2,918,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Invesco DB US Dollar Index Bearish Fund in the 4th quarter valued at $2,006,000. UBS Group AG increased its stake in shares of Invesco DB US Dollar Index Bearish Fund by 76.7% in the third quarter. UBS Group AG now owns 108,308 shares of the company’s stock worth $2,038,000 after acquiring an additional 47,011 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Invesco DB US Dollar Index Bearish Fund by 35,327.0% in 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 period.
Invesco DB US Dollar Index Bearish Fund Stock Performance
Shares of UDN traded down $0.04 during mid-day trading on Monday, hitting $18.25. 57,701 shares of the company traded hands, compared to its average volume of 163,289. The business has a 50 day moving average of $18.11 and a 200 day moving average of $18.13. Invesco DB US Dollar Index Bearish Fund has a 1-year low of $17.75 and a 1-year high of $19.10.
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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