Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Trading Up 0.3% – Here’s Why

Shares of Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) shot up 0.3% during trading on Thursday . The company traded as high as $18.13 and last traded at $18.11. 88,021 shares were traded during mid-day trading, a decline of 57% from the average session volume of 205,231 shares. The stock had previously closed at $18.05.

Invesco DB US Dollar Index Bearish Fund Trading Up 0.3%

The company’s 50-day simple moving average is $18.22 and its 200-day simple moving average is $18.29.

Hedge Funds Weigh In On Invesco DB US Dollar Index Bearish Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC increased its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 1.9% in the fourth quarter. HighTower Advisors LLC now owns 581,726 shares of the company’s stock valued at $10,611,000 after purchasing an additional 10,877 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 31.8% in the third quarter. Bank of America Corp DE now owns 522,460 shares of the company’s stock valued at $9,833,000 after purchasing an additional 125,986 shares during the last quarter. Jefferies Financial Group Inc. increased its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 5.9% in the third quarter. Jefferies Financial Group Inc. now owns 265,944 shares of the company’s stock valued at $5,005,000 after purchasing an additional 14,887 shares during the last quarter. GFS Advisors LLC acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund in the fourth quarter valued at $2,918,000. Finally, UBS Group AG increased its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 29.9% in the fourth quarter. UBS Group AG now owns 140,684 shares of the company’s stock valued at $2,566,000 after purchasing an additional 32,376 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.