Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN – Get Free Report)’s share price was down 0.7% on Friday. The stock traded as low as $17.75 and last traded at $17.77. Approximately 136,483 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 146,244 shares. The stock had previously closed at $17.89.
Invesco DB US Dollar Index Bearish Fund Price Performance
The stock has a 50-day moving average of $17.96 and a 200-day moving average of $18.12.
Hedge Funds Weigh In On Invesco DB US Dollar Index Bearish Fund
A number of institutional investors have recently added to or reduced their stakes in the business. Simplex Trading LLC bought a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 3rd quarter valued at about $673,000. Sowell Financial Services LLC bought a new stake in Invesco DB US Dollar Index Bearish Fund in the 3rd quarter worth approximately $218,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Invesco DB US Dollar Index Bearish Fund by 14.1% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 76,428 shares of the company’s stock worth $1,365,000 after buying an additional 9,423 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Invesco DB US Dollar Index Bearish Fund in the first quarter worth approximately $211,000. Finally, Bull Harbor Capital LLC purchased a new stake in Invesco DB US Dollar Index Bearish Fund in the first quarter worth approximately $359,000.
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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