Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Shares Pass Above 50-Day Moving Average – What’s Next?

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $27.69 and traded as high as $28.37. Invesco DB US Dollar Index Bullish Fund shares last traded at $28.36, with a volume of 2,514,755 shares.

Invesco DB US Dollar Index Bullish Fund Stock Up 0.2%

The company has a fifty day moving average of $27.69 and a 200 day moving average of $27.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of 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 purchasing an additional 17,692 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Invesco DB US Dollar Index Bullish Fund by 104.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock worth $450,000 after buying 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. Baird Financial Group Inc. acquired a new position in Invesco DB US Dollar Index Bullish Fund in the second quarter valued at $3,246,000. Finally, Natixis acquired a new position in Invesco DB US Dollar Index Bullish Fund in the second quarter valued at $989,000.

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.