Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,343,492 shares, a decline of 75.4% from the September 30th total of 9,517,364 shares. Based on an average daily volume of 2,048,040 shares, the days-to-cover ratio is presently 1.1 days. Currently, 13.7% of the company’s stock are sold short.
Invesco DB US Dollar Index Bullish Fund Price Performance
NYSEARCA:UUP traded down $0.05 on Wednesday, reaching $29.07. The stock had a trading volume of 891,669 shares, compared to its average volume of 2,021,740. The stock has a fifty day moving average price of $28.52 and a 200-day moving average price of $27.90. Invesco DB US Dollar Index Bullish Fund has a 1-year low of $26.40 and a 1-year high of $29.25.
Institutional Trading of Invesco DB US Dollar Index Bullish Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UUP. CoreCap Advisors LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund during the 3rd quarter worth $25,000. Western Wealth Management LLC bought a new stake in Invesco DB US Dollar Index Bullish Fund in the first quarter valued at about $61,000. Geneos Wealth Management Inc. acquired a new position in Invesco DB US Dollar Index Bullish Fund in the first quarter valued at about $71,000. City Center Advisors LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund in the second quarter valued at about $211,000. Finally, NewEdge Advisors LLC bought a new position in Invesco DB US Dollar Index Bullish Fund during the first quarter worth about $522,000.
Invesco DB US Dollar Index Bullish Fund Company Profile
PowerShares DB US Dollar Index Bullish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund establishes long positions in certain futures contracts (the DX Contracts) with a view to tracking the changcBank Long US Dollar Index (USDX) Futures Index Excess Return (the Index), over time. The Fund seeks to track the Index by establishing long positions in DX Contracts accordingly. The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket.
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