Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN – Get Free Report)’s share price dropped 0.2% during trading on Tuesday . The company traded as low as $17.88 and last traded at $17.89. 82,624 shares traded hands during trading, a decline of 57% from the average daily volume of 193,710 shares. The stock had previously closed at $17.92.
Invesco DB US Dollar Index Bearish Fund Stock Down 0.2%
The firm’s 50 day moving average is $18.11 and its two-hundred day moving average is $18.20.
Hedge Funds Weigh In On Invesco DB US Dollar Index Bearish Fund
A number of institutional investors have recently modified their holdings of UDN. Comerica Bank acquired a new stake in Invesco DB US Dollar Index Bearish Fund during the first quarter worth approximately $88,000. Creative Planning acquired a new position in Invesco DB US Dollar Index Bearish Fund in the 2nd quarter valued at $373,000. Raymond James Financial Inc. purchased a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 2nd quarter worth $214,000. Bank of America Corp DE lifted its stake in shares of Invesco DB US Dollar Index Bearish Fund by 274.4% during the 2nd quarter. Bank of America Corp DE now owns 396,474 shares of the company’s stock worth $7,497,000 after purchasing an additional 290,591 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 35,327.0% during the second quarter. Osaic Holdings Inc. now owns 35,427 shares of the company’s stock worth $670,000 after purchasing an additional 35,327 shares during the last quarter.
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.
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