Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Short Interest Down 49.8% in May

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 79,369 shares, a drop of 49.8% from the May 14th total of 158,116 shares. Based on an average trading volume of 113,665 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.1% of the company’s shares are short sold.

Invesco DB US Dollar Index Bearish Fund Trading Down 0.1%

NYSEARCA UDN opened at $18.10 on Friday. The business’s fifty day simple moving average is $18.22 and its 200-day simple moving average is $18.29. Invesco DB US Dollar Index Bearish Fund has a 52 week low of $17.87 and a 52 week high of $19.10.

Institutional Investors Weigh In On Invesco DB US Dollar Index Bearish Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC raised its position in Invesco DB US Dollar Index Bearish Fund by 31.9% in the third quarter. Delos Wealth Advisors LLC now owns 2,911 shares of the company’s stock valued at $55,000 after purchasing an additional 704 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth $88,000. Comerica Bank acquired a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the 1st quarter worth about $88,000. NewEdge Advisors LLC purchased a new stake in Invesco DB US Dollar Index Bearish Fund in the 1st quarter valued at about $211,000. Finally, Raymond James Financial Inc. purchased a new stake in Invesco DB US Dollar Index Bearish Fund in the 2nd quarter valued at about $214,000.

Invesco DB US Dollar Index Bearish Fund Company Profile

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.