Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP – Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,170,041 shares, an increase of 279.2% from the June 30th total of 1,363,273 shares. Based on an average trading volume of 2,197,459 shares, the days-to-cover ratio is presently 2.4 days. Currently, 32.9% of the company’s shares are short sold.
Invesco DB US Dollar Index Bullish Fund Trading Up 0.1%
Shares of UUP stock opened at $28.60 on Tuesday. The firm’s 50-day simple moving average is $28.17 and its 200-day simple moving average is $27.64. Invesco DB US Dollar Index Bullish Fund has a 1-year low of $26.40 and a 1-year high of $28.60.
Hedge Funds Weigh In On Invesco DB US Dollar Index Bullish Fund
A number of large investors have recently bought and sold shares of the stock. Money Concepts Capital Corp acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 1st quarter valued at $1,841,000. Narus Financial Partners LLC acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the 1st quarter worth $248,000. Blue Capital Inc. purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 4th quarter worth $1,676,000. Guardian Wealth Advisors LLC NC raised its position in shares of Invesco DB US Dollar Index Bullish Fund by 6.2% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 51,697 shares of the exchange traded fund’s stock worth $1,397,000 after buying an additional 3,014 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund in the fourth quarter valued at $213,000.
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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