Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Trading Up 0.3% – Here’s Why

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s share price was up 0.3% on Thursday . The stock traded as high as $18.13 and last traded at $18.11. Approximately 88,021 shares were traded during trading, a decline of 57% from the average daily volume of 205,231 shares. The stock had previously closed at $18.05.

Invesco DB US Dollar Index Bearish Fund Stock Performance

The firm’s 50 day moving average is $18.22 and its two-hundred day moving average is $18.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UDN. Comerica Bank bought a new position in Invesco DB US Dollar Index Bearish Fund during the 1st quarter worth approximately $88,000. Creative Planning acquired a new stake in Invesco DB US Dollar Index Bearish Fund during the 2nd quarter worth approximately $373,000. Raymond James Financial Inc. acquired a new stake in Invesco DB US Dollar Index Bearish Fund during the 2nd quarter worth approximately $214,000. Bank of America Corp DE raised its holdings in Invesco DB US Dollar Index Bearish Fund by 274.4% during the 2nd quarter. Bank of America Corp DE now owns 396,474 shares of the company’s stock worth $7,497,000 after buying an additional 290,591 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in Invesco DB US Dollar Index Bearish Fund by 35,327.0% during the 2nd quarter. Osaic Holdings Inc. now owns 35,427 shares of the company’s stock worth $670,000 after buying an additional 35,327 shares during the period.

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.