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

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,343,492 shares, a decline of 75.4% from the September 30th total of 9,517,364 shares. Based on an average trading volume of 2,048,040 shares, the days-to-cover ratio is presently 1.1 days. Currently, 13.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Empowered Funds LLC acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 1st quarter valued at about $13,602,000. Bank of America Corp DE grew its stake in Invesco DB US Dollar Index Bullish Fund by 13.6% during the 1st quarter. Bank of America Corp DE now owns 270,479 shares of the exchange traded fund’s stock worth $7,514,000 after buying an additional 32,366 shares during the last quarter. Cetera Investment Advisers lifted its holdings 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 worth $4,001,000 after purchasing an additional 36,909 shares during the period. Pettinga Financial Advisors LLC increased its stake in shares of Invesco DB US Dollar Index Bullish Fund by 20.1% during the second quarter. Pettinga Financial Advisors LLC now owns 137,690 shares of the exchange traded fund’s stock valued at $3,912,000 after acquiring an additional 23,015 shares during the period. Finally, FSA Investment Group LLC acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund during the third quarter valued at approximately $2,336,000.

Invesco DB US Dollar Index Bullish Fund Trading Down 0.2%

Invesco DB US Dollar Index Bullish Fund stock traded down $0.05 during midday trading on Wednesday, reaching $29.07. 891,669 shares of the company were exchanged, compared to its average volume of 2,021,740. The firm’s 50-day simple moving average is $28.52 and its 200-day simple moving average is $27.90. Invesco DB US Dollar Index Bullish Fund has a 1 year low of $26.40 and a 1 year high of $29.25.

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.