Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Shares Down 0.3% – Here’s Why

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s share price traded down 0.3% during mid-day trading on Monday. The stock traded as low as $17.73 and last traded at $17.76. 122,690 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 155,305 shares. The stock had previously closed at $17.82.

Invesco DB US Dollar Index Bearish Fund Price Performance

The stock’s 50-day moving average is $18.14 and its 200 day moving average is $18.11.

Institutional Trading of Invesco DB US Dollar Index Bearish Fund

Several institutional investors and hedge funds have recently made changes to their positions in UDN. NewEdge Advisors LLC purchased a new position in Invesco DB US Dollar Index Bearish Fund during the 1st quarter worth approximately $211,000. Maltin Wealth Management Inc. purchased a new stake in Invesco DB US Dollar Index Bearish Fund in the first quarter valued at approximately $269,000. Bull Harbor Capital LLC acquired a new stake in shares of Invesco DB US Dollar Index Bearish Fund in the first quarter valued at approximately $359,000. Lido Advisors LLC grew its position 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 acquiring an additional 11,161 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Invesco DB US Dollar Index Bearish Fund by 14.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 76,428 shares of the company’s stock worth $1,365,000 after acquiring an additional 9,423 shares during the last quarter.

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.