Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 79,369 shares, a decrease of 49.8% from the May 14th total of 158,116 shares. Based on an average daily trading volume, of 113,665 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.1% of the company’s shares are sold short.
Invesco DB US Dollar Index Bearish Fund Stock Down 0.1%
NYSEARCA:UDN traded down $0.01 on Friday, reaching $18.10. 93,191 shares of the company’s stock were exchanged, compared to its average volume of 204,230. The business has a fifty day moving average of $18.22 and a 200-day moving average of $18.29. Invesco DB US Dollar Index Bearish Fund has a 52-week low of $17.87 and a 52-week high of $19.10.
Institutional Trading of Invesco DB US Dollar Index Bearish Fund
A number of large investors have recently made changes to their positions in the company. Delos Wealth Advisors LLC increased its stake in shares of Invesco DB US Dollar Index Bearish Fund by 31.9% during the third quarter. Delos Wealth Advisors LLC now owns 2,911 shares of the company’s stock worth $55,000 after buying an additional 704 shares during the period. Creative Planning increased its stake in Invesco DB US Dollar Index Bearish Fund by 7.3% in the third quarter. Creative Planning now owns 21,154 shares of the company’s stock valued at $398,000 after purchasing an additional 1,437 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Invesco DB US Dollar Index Bearish Fund in the fourth quarter valued at approximately $88,000. Comerica Bank purchased a new position in Invesco DB US Dollar Index Bearish Fund in the first quarter valued at approximately $88,000. Finally, Solstein Capital LLC grew its position in shares of Invesco DB US Dollar Index Bearish Fund by 31.0% during the third quarter. Solstein Capital LLC now owns 43,000 shares of the company’s stock worth $809,000 after acquiring an additional 10,178 shares during the last quarter.
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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