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 increase in short interest in April. As of April 30th, there was short interest totaling 3,061,008 shares, an increase of 89.0% from the April 15th total of 1,619,927 shares. Approximately 24.1% of the shares of the stock are short sold. Based on an average daily volume of 1,822,202 shares, the days-to-cover ratio is currently 1.7 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UUP. Royal Bank of Canada boosted its stake in Invesco DB US Dollar Index Bullish Fund by 34.6% during the 1st quarter. Royal Bank of Canada now owns 68,856 shares of the exchange traded fund’s stock valued at $1,965,000 after purchasing an additional 17,692 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Invesco DB US Dollar Index Bullish Fund by 104.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 368,650 shares in the last quarter. Empowered Funds LLC bought a new position in Invesco DB US Dollar Index Bullish Fund during the 1st quarter valued at $1,864,000. Baird Financial Group Inc. bought a new position in Invesco DB US Dollar Index Bullish Fund during the 2nd quarter valued at $3,246,000. Finally, Natixis acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the 2nd quarter valued at $989,000.

Invesco DB US Dollar Index Bullish Fund Stock Performance

NYSEARCA UUP traded up $0.15 on Friday, reaching $27.77. 1,851,102 shares of the stock traded hands, compared to its average volume of 2,227,938. The firm’s fifty day simple moving average is $27.57 and its 200 day simple moving average is $27.54. Invesco DB US Dollar Index Bullish Fund has a 12 month low of $26.40 and a 12 month high of $28.45.

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.