Short Interest in Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Drops By 49.8%

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 79,369 shares, a decline of 49.8% from the May 14th total of 158,116 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 113,665 shares, the short-interest ratio is currently 0.7 days.

Invesco DB US Dollar Index Bearish Fund Price Performance

UDN stock traded up $0.02 during midday trading on Monday, hitting $18.12. The stock had a trading volume of 67,554 shares, compared to its average volume of 203,020. Invesco DB US Dollar Index Bearish Fund has a 1-year low of $17.87 and a 1-year high of $19.10. The business has a fifty day moving average price of $18.22 and a two-hundred day moving average price of $18.29.

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

Several hedge funds and other institutional investors have recently made changes to their positions in UDN. Bank of America Corp DE increased its position in shares of 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 acquiring an additional 290,591 shares in the last quarter. GFS Advisors LLC bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the fourth quarter worth about $2,918,000. HighTower Advisors LLC increased its position in shares of Invesco DB US Dollar Index Bearish Fund by 33.9% during the third quarter. HighTower Advisors LLC now owns 570,849 shares of the company’s stock worth $10,743,000 after acquiring an additional 144,616 shares in the last quarter. L1 Global Manager Pty Ltd bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the fourth quarter worth about $2,006,000. Finally, Alliance Wealth Advisors LLC UT bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the fourth quarter worth about $1,495,000.

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.