Short Interest in Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Drops By 88.8%

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

Institutional Trading of Invesco DB US Dollar Index Bullish Fund

A number of institutional investors have recently made changes to their positions in UUP. National Bank of Canada FI boosted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 809.9% in the third quarter. National Bank of Canada FI now owns 1,283 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 1,142 shares in the last quarter. Raymond James Financial Inc. lifted its position in Invesco DB US Dollar Index Bullish Fund by 9.2% in the third quarter. Raymond James Financial Inc. now owns 15,246 shares of the exchange traded fund’s stock worth $419,000 after purchasing an additional 1,286 shares during the period. Focus Partners Wealth lifted its position in Invesco DB US Dollar Index Bullish Fund by 5.8% in the third quarter. Focus Partners Wealth now owns 36,420 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 2,006 shares during the period. Western Wealth Management LLC bought a new position in Invesco DB US Dollar Index Bullish Fund during the 1st quarter valued at $61,000. Finally, Geneos Wealth Management Inc. bought a new position in Invesco DB US Dollar Index Bullish Fund during the 1st quarter valued at $71,000.

Invesco DB US Dollar Index Bullish Fund Stock Performance

UUP stock traded down $0.04 during trading on Friday, hitting $28.45. The company had a trading volume of 716,777 shares, compared to its average volume of 2,241,108. The business has a 50 day moving average of $27.75 and a 200 day moving average of $27.49. Invesco DB US Dollar Index Bullish Fund has a fifty-two week low of $26.40 and a fifty-two week high of $28.56.

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.