Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Short Interest Up 191.6% in August

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 160,102 shares, a growth of 191.6% from the August 15th total of 54,902 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 102,662 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth approximately $88,000. Comerica Bank acquired a new position in Invesco DB US Dollar Index Bearish Fund in the first quarter valued at approximately $88,000. Raymond James Financial Inc. acquired a new position in Invesco DB US Dollar Index Bearish Fund in the second quarter valued at approximately $214,000. NewEdge Advisors LLC bought a new position in Invesco DB US Dollar Index Bearish Fund in the first quarter valued at approximately $211,000. Finally, Maltin Wealth Management Inc. bought a new position in Invesco DB US Dollar Index Bearish Fund in the first quarter valued at approximately $269,000.

Invesco DB US Dollar Index Bearish Fund Trading Down 0.1%

Shares of UDN stock opened at $18.30 on Friday. The stock has a 50-day moving average price of $18.11 and a 200 day moving average price of $18.13. Invesco DB US Dollar Index Bearish Fund has a 12 month low of $17.75 and a 12 month high of $19.10.

Invesco DB US Dollar Index Bearish Fund Company Profile

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.