Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 897,735 shares, a decline of 88.8% from the May 31st total of 7,987,117 shares. Approximately 7.1% of the shares of the company are sold short. Based on an average daily volume of 2,173,467 shares, the days-to-cover ratio is currently 0.4 days.
Invesco DB US Dollar Index Bullish Fund Stock Down 0.1%
UUP stock traded down $0.02 during trading hours on Friday, hitting $28.46. 1,891,759 shares of the stock were exchanged, compared to its average volume of 2,251,144. The company has a 50-day simple moving average of $27.78 and a two-hundred day simple moving average of $27.50. Invesco DB US Dollar Index Bullish Fund has a 12 month low of $26.40 and a 12 month high of $28.56.
Hedge Funds Weigh In On Invesco DB US Dollar Index Bullish Fund
Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund in the 1st quarter worth about $13,602,000. Bank of America Corp DE grew its position in shares of Invesco DB US Dollar Index Bullish Fund by 13.6% during 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 purchasing an additional 32,366 shares in the last quarter. Intrua Financial LLC increased its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 1,451.0% during the fourth quarter. Intrua Financial LLC now owns 253,375 shares of the exchange traded fund’s stock worth $6,849,000 after purchasing an additional 237,039 shares during the period. Raffles Associates LP bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the second quarter worth approximately $4,301,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the fourth quarter valued at approximately $4,190,000.
About Invesco DB US Dollar Index Bullish Fund
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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