Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Shares Down 0.2% – Here’s Why

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s stock price fell 0.2% on Thursday . The stock traded as low as $18.32 and last traded at $18.33. 57,155 shares traded hands during trading, a decline of 76% from the average session volume of 241,170 shares. The stock had previously closed at $18.37.

Invesco DB US Dollar Index Bearish Fund Trading Down 0.2%

The company has a 50-day moving average of $18.22 and a 200 day moving average of $18.39.

Hedge Funds Weigh In On Invesco DB US Dollar Index Bearish Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth approximately $88,000. L1 Global Manager Pty Ltd bought a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth approximately $2,006,000. Steward Partners Investment Advisory LLC bought a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth approximately $371,000. GFS Advisors LLC bought a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth approximately $2,918,000. Finally, HighTower Advisors LLC lifted its position in shares of Invesco DB US Dollar Index Bearish Fund by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 581,726 shares of the company’s stock worth $10,611,000 after buying an additional 10,877 shares during the period.

Invesco DB US Dollar Index Bearish Fund Company Profile

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.