Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Trading Down 0.2% – Here’s What Happened

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s share price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $18.18 and last traded at $18.18. 44,652 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 170,832 shares. The stock had previously closed at $18.21.

Invesco DB US Dollar Index Bearish Fund Price Performance

The company has a 50 day simple moving average of $17.98 and a 200 day simple moving average of $18.15.

Institutional Trading of Invesco DB US Dollar Index Bearish Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Invesco DB US Dollar Index Bearish Fund by 274.4% in the second quarter. Bank of America Corp DE now owns 396,474 shares of the company’s stock worth $7,497,000 after purchasing an additional 290,591 shares in the last quarter. GFS Advisors LLC bought a new position in Invesco DB US Dollar Index Bearish Fund in the fourth quarter valued at $2,918,000. L1 Global Manager Pty Ltd acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth about $2,006,000. Alliance Wealth Advisors LLC UT acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth about $1,495,000. Finally, UBS Group AG grew its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 76.7% in the 3rd quarter. UBS Group AG now owns 108,308 shares of the company’s stock valued at $2,038,000 after acquiring an additional 47,011 shares in the last quarter.

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.