Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,343,492 shares, a decline of 75.4% from the September 30th total of 9,517,364 shares. Approximately 13.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,048,040 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund in the 3rd quarter valued at $25,000. Western Wealth Management LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund during the first quarter worth $61,000. Geneos Wealth Management Inc. acquired a new position in Invesco DB US Dollar Index Bullish Fund during the first quarter worth $71,000. City Center Advisors LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund during the second quarter worth $211,000. Finally, NewEdge Advisors LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the first quarter valued at $522,000.
Invesco DB US Dollar Index Bullish Fund Price Performance
Shares of NYSEARCA:UUP traded down $0.03 during midday trading on Thursday, reaching $29.04. 1,358,526 shares of the company’s stock were exchanged, compared to its average volume of 2,030,476. The company’s 50 day simple moving average is $28.54 and its two-hundred day simple moving average is $27.91. Invesco DB US Dollar Index Bullish Fund has a 12 month low of $26.40 and a 12 month high of $29.25.
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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