Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Stock Price Down 0.5% – What’s Next?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) shares dropped 0.5% during trading on Thursday . The stock traded as low as $17.97 and last traded at $17.97. Approximately 218,057 shares were traded during trading, a decline of 18% from the average daily volume of 265,689 shares. The stock had previously closed at $18.06.

Invesco DB US Dollar Index Bearish Fund Price Performance

The firm has a fifty day moving average of $18.29 and a 200 day moving average of $18.46.

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

Several large investors have recently added to or reduced their stakes in UDN. Comerica Bank purchased a new stake in shares of Invesco DB US Dollar Index Bearish Fund in the 1st quarter valued at approximately $88,000. Creative Planning acquired a new stake in Invesco DB US Dollar Index Bearish Fund during the 2nd quarter worth $373,000. Lido Advisors LLC purchased a new stake in Invesco DB US Dollar Index Bearish Fund in the second quarter valued at $202,000. Raymond James Financial Inc. acquired a new position in Invesco DB US Dollar Index Bearish Fund in the second quarter valued at $214,000. Finally, Bank of America Corp DE increased its position in Invesco DB US Dollar Index Bearish Fund by 274.4% during the second quarter. Bank of America Corp DE now owns 396,474 shares of the company’s stock worth $7,497,000 after buying an additional 290,591 shares during the period.

About Invesco DB US Dollar Index Bearish Fund

PowerShares DB US Dollar Index Bearish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund’s subsidiary is DB US Dollar Index Bearish Master Fund (the Master Fund), which is a separate series of DB US Dollar Index Bearish Master Trust (the Master Trust). The Fund offers common units of beneficial interest only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.