Invesco DB US Dollar Index Bullish Fund Sees Unusually Large Options Volume (NYSEARCA:UUP)

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the target of some unusual options trading on Wednesday. Traders bought 101,105 call options on the company. This represents an increase of 3,389% compared to the typical volume of 2,898 call options.

Hedge Funds Weigh In On Invesco DB US Dollar Index Bullish Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in Invesco DB US Dollar Index Bullish Fund by 34.6% during the first quarter. Royal Bank of Canada now owns 68,856 shares of the exchange traded fund’s stock worth $1,965,000 after purchasing an additional 17,692 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Invesco DB US Dollar Index Bullish Fund by 104.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 368,650 shares during the period. Empowered Funds LLC acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the 1st quarter worth approximately $1,864,000. Kovack Advisors Inc. increased its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 104.9% during the 2nd quarter. Kovack Advisors Inc. now owns 14,454 shares of the exchange traded fund’s stock worth $389,000 after buying an additional 7,400 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Invesco DB US Dollar Index Bullish Fund by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 101,722 shares of the exchange traded fund’s stock valued at $2,734,000 after buying an additional 6,051 shares during the period.

Invesco DB US Dollar Index Bullish Fund Stock Down 0.1%

Shares of NYSEARCA UUP traded down $0.04 during trading on Wednesday, hitting $27.08. The company had a trading volume of 785,528 shares, compared to its average volume of 1,280,188. The stock has a fifty day simple moving average of $27.09 and a two-hundred day simple moving average of $27.54. Invesco DB US Dollar Index Bullish Fund has a fifty-two week low of $26.40 and a fifty-two week high of $29.40.

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.