Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Trading Up 0.1% – Should You Buy?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) shares rose 0.1% during mid-day trading on Tuesday . The company traded as high as $17.88 and last traded at $17.83. Approximately 48,064 shares traded hands during trading, a decline of 73% from the average session volume of 179,262 shares. The stock had previously closed at $17.82.

Invesco DB US Dollar Index Bearish Fund Price Performance

The company’s fifty day moving average is $17.99 and its 200 day moving average is $18.16.

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

A number of hedge funds have recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Invesco DB US Dollar Index Bearish Fund by 14.1% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 76,428 shares of the company’s stock valued at $1,365,000 after purchasing an additional 9,423 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Invesco DB US Dollar Index Bearish Fund in the first quarter valued at about $211,000. Bull Harbor Capital LLC acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund during the first quarter worth about $359,000. Lido Advisors LLC lifted its stake in shares of Invesco DB US Dollar Index Bearish Fund by 104.7% during the first quarter. Lido Advisors LLC now owns 21,818 shares of the company’s stock worth $393,000 after purchasing an additional 11,161 shares in the last quarter. Finally, Maltin Wealth Management Inc. purchased a new stake in shares of Invesco DB US Dollar Index Bearish Fund in the first quarter worth about $269,000.

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.