Investors Buy High Volume of Put Options on Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw unusually large options trading on Tuesday. Stock investors acquired 10,075 put options on the stock. This is an increase of 318% compared to the typical daily volume of 2,409 put options.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Truist Financial Corp boosted its stake in Invesco DB US Dollar Index Bullish Fund by 5.5% in the 2nd quarter. Truist Financial Corp now owns 10,333 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 538 shares in the last quarter. Focus Financial Network Inc. raised its holdings in Invesco DB US Dollar Index Bullish Fund by 2.8% in the 3rd quarter. Focus Financial Network Inc. now owns 12,593 shares of the exchange traded fund’s stock worth $355,000 after acquiring an additional 345 shares during the last quarter. Good Life Advisors LLC increased its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 64.9% in the 3rd quarter. Good Life Advisors LLC now owns 20,504 shares of the exchange traded fund’s stock worth $578,000 after purchasing an additional 8,069 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund in the second quarter worth $826,000. Finally, Raffles Associates LP purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the third quarter valued at $1,127,000.

Invesco DB US Dollar Index Bullish Fund Stock Performance

Invesco DB US Dollar Index Bullish Fund stock traded down $0.01 on Thursday, hitting $29.61. 552,972 shares of the stock traded hands, compared to its average volume of 2,242,972. Invesco DB US Dollar Index Bullish Fund has a 1 year low of $27.56 and a 1 year high of $30.69. The business’s fifty day simple moving average is $29.85 and its 200 day simple moving average is $29.06.

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.