Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Stock Short Interest Jumps 61.3%

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 205,214 shares, a growth of 61.3% from the September 15th total of 127,215 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 57,584 shares, the short-interest ratio is presently 3.6 days.

Invesco DB US Dollar Index Bearish Fund Stock Performance

Shares of UDN stock traded up $0.05 during trading hours on Friday, hitting $17.86. 57,462 shares of the company were exchanged, compared to its average volume of 152,137. The company has a 50 day simple moving average of $18.08 and a two-hundred day simple moving average of $18.09. Invesco DB US Dollar Index Bearish Fund has a fifty-two week low of $17.64 and a fifty-two week high of $18.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Invesco DB US Dollar Index Bearish Fund by 14.1% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 76,428 shares of the company’s stock valued at $1,365,000 after purchasing an additional 9,423 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 1st quarter worth about $211,000. Bull Harbor Capital LLC bought a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 1st quarter worth about $359,000. Lido Advisors LLC boosted its position in shares of Invesco DB US Dollar Index Bearish Fund by 104.7% during the 1st quarter. Lido Advisors LLC now owns 21,818 shares of the company’s stock worth $393,000 after purchasing an additional 11,161 shares in the last quarter. Finally, Maltin Wealth Management Inc. bought a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 1st quarter worth about $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.