Short Interest in Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Rises By 224.7%

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 7,987,117 shares, a growth of 224.7% from the May 14th total of 2,459,529 shares. Approximately 62.9% of the shares of the company are sold short. Based on an average daily volume of 2,605,206 shares, the short-interest ratio is currently 3.1 days.

Invesco DB US Dollar Index Bullish Fund Price Performance

Shares of NYSEARCA:UUP remained flat at $27.95 during midday trading on Friday. The stock had a trading volume of 2,225,186 shares, compared to its average volume of 2,235,825. Invesco DB US Dollar Index Bullish Fund has a 52-week low of $26.40 and a 52-week high of $28.45. The business has a 50-day simple moving average of $27.63 and a two-hundred day simple moving average of $27.49.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI increased its stake in shares of 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 worth $35,000 after purchasing an additional 1,142 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 1st quarter worth $61,000. Geneos Wealth Management Inc. purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 1st quarter worth $71,000. Tucker Asset Management LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 4th quarter worth $151,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 3rd quarter worth $176,000.

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.