Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP – Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,061,008 shares, an increase of 89.0% from the April 15th total of 1,619,927 shares. Based on an average daily volume of 1,822,202 shares, the short-interest ratio is presently 1.7 days. Approximately 24.1% of the company’s shares are sold short.
Invesco DB US Dollar Index Bullish Fund Trading Up 0.3%
Shares of NYSEARCA:UUP traded up $0.09 on Tuesday, hitting $27.79. The company had a trading volume of 418,671 shares, compared to its average volume of 2,215,977. The firm’s 50-day simple moving average is $27.58 and its two-hundred day simple moving average is $27.54. Invesco DB US Dollar Index Bullish Fund has a 1 year low of $26.40 and a 1 year high of $28.45.
Institutional Investors Weigh In On Invesco DB US Dollar Index Bullish Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 1st quarter worth about $13,602,000. Bank of America Corp DE increased its stake in shares of Invesco DB US Dollar Index Bullish Fund by 13.6% in the 1st quarter. Bank of America Corp DE now owns 270,479 shares of the exchange traded fund’s stock worth $7,514,000 after acquiring an additional 32,366 shares in the last quarter. Intrua Financial LLC increased its stake in shares of Invesco DB US Dollar Index Bullish Fund by 1,451.0% in the 4th quarter. Intrua Financial LLC now owns 253,375 shares of the exchange traded fund’s stock worth $6,849,000 after acquiring an additional 237,039 shares in the last quarter. Raffles Associates LP bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 2nd quarter worth about $4,301,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 4th quarter worth about $4,190,000.
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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