Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Sees Significant Decrease in Short Interest

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 897,735 shares, a decrease of 88.8% from the May 31st total of 7,987,117 shares. Approximately 7.1% of the shares of the stock are sold short. Based on an average trading volume of 2,173,467 shares, the days-to-cover ratio is presently 0.4 days.

Invesco DB US Dollar Index Bullish Fund Stock Performance

Shares of UUP traded down $0.02 during trading hours on Friday, reaching $28.46. 1,891,759 shares of the company’s stock traded hands, compared to its average volume of 2,251,144. The firm’s 50 day simple moving average is $27.78 and its 200-day simple moving average is $27.50. Invesco DB US Dollar Index Bullish Fund has a 12 month low of $26.40 and a 12 month high of $28.56.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the 1st quarter valued at $522,000. Western Wealth Management LLC bought a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the 1st quarter worth $61,000. Bank of America Corp DE grew its position in Invesco DB US Dollar Index Bullish Fund by 13.6% in the first quarter. Bank of America Corp DE now owns 270,479 shares of the exchange traded fund’s stock worth $7,514,000 after acquiring an additional 32,366 shares in the last quarter. Empowered Funds LLC purchased a new position in Invesco DB US Dollar Index Bullish Fund in the first quarter worth $13,602,000. Finally, Cetera Investment Advisers increased its stake in Invesco DB US Dollar Index Bullish Fund by 34.5% in the first quarter. Cetera Investment Advisers now owns 144,023 shares of the exchange traded fund’s stock valued at $4,001,000 after acquiring an additional 36,909 shares during the last quarter.

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.