Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Sees Large Drop in Short Interest

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,343,492 shares, a decrease of 75.4% from the September 30th total of 9,517,364 shares. Based on an average daily volume of 2,048,040 shares, the short-interest ratio is presently 1.1 days. Currently, 13.7% of the company’s stock are short sold.

Invesco DB US Dollar Index Bullish Fund Price Performance

NYSEARCA UUP traded down $0.01 on Friday, reaching $29.02. The stock had a trading volume of 750,247 shares, compared to its average volume of 2,024,701. Invesco DB US Dollar Index Bullish Fund has a 12-month low of $26.40 and a 12-month high of $29.25. The business’s 50-day moving average price is $28.56 and its 200 day moving average price is $27.92.

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

Several institutional investors have recently made changes to their positions in the stock. Intrua Financial LLC boosted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 718.2% during the third quarter. Intrua Financial LLC now owns 144,818 shares of the exchange traded fund’s stock worth $4,166,000 after purchasing an additional 127,119 shares during the last quarter. Capstone Capital Management Ltd bought a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the third quarter valued at approximately $1,082,000. CoreCap Advisors LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 3rd quarter valued at about $25,000. City Center Advisors LLC grew its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 13.3% during the third quarter. City Center Advisors LLC now owns 8,435 shares of the exchange traded fund’s stock valued at $243,000 after buying an additional 992 shares in the last quarter. Finally, FSA Investment Group LLC bought a new stake in Invesco DB US Dollar Index Bullish Fund in the third quarter worth approximately $2,336,000.

Invesco DB US Dollar Index Bullish Fund Company Profile

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.