Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP – Get Free Report) saw a significant increase in short interest in 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. Approximately 32.9% of the shares of the stock are sold short. Based on an average daily volume of 2,197,459 shares, the days-to-cover ratio is currently 2.4 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in UUP. National Bank of Canada FI increased its stake in Invesco DB US Dollar Index Bullish Fund by 809.9% during the third quarter. National Bank of Canada FI now owns 1,283 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 1,142 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Invesco DB US Dollar Index Bullish Fund by 9.2% in the third quarter. Raymond James Financial Inc. now owns 15,246 shares of the exchange traded fund’s stock worth $419,000 after purchasing an additional 1,286 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Invesco DB US Dollar Index Bullish Fund by 5.8% during the third quarter. Focus Partners Wealth now owns 36,420 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 2,006 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the first quarter valued at $61,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the first quarter worth about $71,000.
Invesco DB US Dollar Index Bullish Fund Stock Performance
Shares of NYSEARCA:UUP traded up $0.01 on Monday, reaching $28.59. The company’s stock had a trading volume of 1,357,790 shares, compared to its average volume of 2,196,868. Invesco DB US Dollar Index Bullish Fund has a 52-week low of $26.40 and a 52-week high of $28.60. The company has a 50-day simple moving average of $28.15 and a 200 day simple moving average of $27.63.
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.
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