Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP – Get Free Report) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 2,359,050 shares, a decline of 23.4% from the December 31st total of 3,081,684 shares. Based on an average daily trading volume, of 1,075,752 shares, the days-to-cover ratio is currently 2.2 days. Currently, 29.7% of the shares of the stock are short sold. Currently, 29.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,075,752 shares, the days-to-cover ratio is currently 2.2 days.
Institutional Trading of Invesco DB US Dollar Index Bullish Fund
Hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in Invesco DB US Dollar Index Bullish Fund by 225.0% during the third quarter. Golden State Wealth Management LLC now owns 975 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 675 shares in the last quarter. National Bank of Canada FI lifted its holdings in Invesco DB US Dollar Index Bullish Fund by 809.9% in the 3rd quarter. National Bank of Canada FI now owns 1,283 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 1,142 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Invesco DB US Dollar Index Bullish Fund by 18.7% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 3,259 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 514 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 2nd quarter worth approximately $100,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 3rd quarter worth approximately $176,000.
Invesco DB US Dollar Index Bullish Fund Trading Up 1.0%
Shares of NYSEARCA:UUP traded up $0.26 during trading on Friday, reaching $26.85. The company had a trading volume of 2,759,299 shares, compared to its average volume of 1,297,005. Invesco DB US Dollar Index Bullish Fund has a twelve month low of $26.40 and a twelve month high of $29.78. The firm’s fifty day moving average is $27.48 and its 200 day moving average is $27.60.
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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