Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Short Interest Down 23.4% in January

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 2,359,050 shares, a drop of 23.4% from the December 31st total of 3,081,684 shares. Based on an average daily volume of 1,075,752 shares, the short-interest ratio is currently 2.2 days. Approximately 29.7% of the company’s stock are short sold. Approximately 29.7% of the company’s stock are short sold. Based on an average daily volume of 1,075,752 shares, the short-interest ratio is currently 2.2 days.

Invesco DB US Dollar Index Bullish Fund Trading Up 1.0%

NYSEARCA:UUP traded up $0.26 during mid-day trading on Friday, reaching $26.85. The stock had a trading volume of 2,759,299 shares, compared to its average volume of 1,297,005. The business’s 50 day moving average is $27.48 and its 200 day moving average is $27.60. Invesco DB US Dollar Index Bullish Fund has a fifty-two week low of $26.40 and a fifty-two week high of $29.78.

Institutional Investors Weigh In On Invesco DB US Dollar Index Bullish Fund

Several institutional investors and hedge funds have recently modified their holdings of UUP. Royal Bank of Canada grew its holdings in Invesco DB US Dollar Index Bullish Fund by 34.6% in the 1st quarter. Royal Bank of Canada now owns 68,856 shares of the exchange traded fund’s stock valued at $1,965,000 after buying an additional 17,692 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Invesco DB US Dollar Index Bullish Fund by 104.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock worth $450,000 after acquiring an additional 368,650 shares during the last quarter. Empowered Funds LLC bought a new position in Invesco DB US Dollar Index Bullish Fund during the first quarter worth $1,864,000. Stratos Wealth Partners LTD. acquired a new position in Invesco DB US Dollar Index Bullish Fund during the 2nd quarter valued at $237,000. Finally, Kovack Advisors Inc. boosted its holdings in Invesco DB US Dollar Index Bullish Fund by 104.9% in the 2nd quarter. Kovack Advisors Inc. now owns 14,454 shares of the exchange traded fund’s stock valued at $389,000 after purchasing an additional 7,400 shares during the period.

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.