Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Short Interest Update

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 7,456,289 shares, a growth of 414.9% from the August 31st total of 1,448,104 shares. Based on an average daily volume of 1,545,127 shares, the short-interest ratio is currently 4.8 days. Currently, 53.6% of the company’s shares are short sold.

Invesco DB US Dollar Index Bullish Fund Price Performance

Shares of NYSEARCA UUP opened at $28.61 on Friday. Invesco DB US Dollar Index Bullish Fund has a 52-week low of $26.40 and a 52-week high of $28.74. The business’s 50 day moving average is $28.22 and its two-hundred day moving average is $27.97.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC purchased a new position in Invesco DB US Dollar Index Bullish Fund during the 1st quarter valued at about $13,602,000. Bank of America Corp DE increased its stake in Invesco DB US Dollar Index Bullish Fund by 13.6% during the first quarter. Bank of America Corp DE now owns 270,479 shares of the exchange traded fund’s stock worth $7,514,000 after purchasing an additional 32,366 shares during the period. Cetera Investment Advisers increased its stake in Invesco DB US Dollar Index Bullish Fund by 34.5% during the first quarter. Cetera Investment Advisers now owns 144,023 shares of the exchange traded fund’s stock worth $4,001,000 after purchasing an additional 36,909 shares during the period. Pettinga Financial Advisors LLC lifted its position in shares of Invesco DB US Dollar Index Bullish Fund by 20.1% during the second quarter. Pettinga Financial Advisors LLC now owns 137,690 shares of the exchange traded fund’s stock worth $3,912,000 after purchasing an additional 23,015 shares in the last quarter. Finally, Money Concepts Capital Corp acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the first quarter worth about $1,841,000.

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.