Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN – Get Free Report) was the recipient of unusually large options trading on Tuesday. Investors bought 4,046 call options on the company. This represents an increase of approximately 1,145% compared to the average volume of 325 call options.
Invesco DB US Dollar Index Bearish Fund Stock Up 0.1%
NYSEARCA:UDN traded up $0.01 during trading hours on Tuesday, hitting $18.32. The company had a trading volume of 2,502 shares, compared to its average volume of 167,399. The company has a 50-day moving average of $18.00 and a 200 day moving average of $18.14. Invesco DB US Dollar Index Bearish Fund has a 1 year low of $17.75 and a 1 year high of $19.10.
Institutional Investors Weigh In On Invesco DB US Dollar Index Bearish Fund
A number of hedge funds have recently modified their holdings of UDN. Comerica Bank acquired a new position in Invesco DB US Dollar Index Bearish Fund in the 1st quarter valued at about $88,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter valued at approximately $88,000. NewEdge Advisors LLC purchased a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the 1st quarter valued at approximately $211,000. Raymond James Financial Inc. acquired a new position in Invesco DB US Dollar Index Bearish Fund in the second quarter valued at approximately $214,000. Finally, Maltin Wealth Management Inc. purchased a new position in Invesco DB US Dollar Index Bearish Fund in the first quarter worth approximately $269,000.
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.
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