Invesco DB US Dollar Index Bullish Fund Target of Unusually Large Options Trading (NYSEARCA:UUP)

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw unusually large options trading on Monday. Stock traders acquired 6,803 call options on the company. This represents an increase of approximately 163% compared to the average daily volume of 2,589 call options.

Invesco DB US Dollar Index Bullish Fund Stock Performance

Invesco DB US Dollar Index Bullish Fund stock traded up $0.06 during mid-day trading on Monday, hitting $29.49. The company’s stock had a trading volume of 170,710 shares, compared to its average volume of 1,912,659. The business has a 50 day moving average price of $29.68 and a 200-day moving average price of $29.12. Invesco DB US Dollar Index Bullish Fund has a 12 month low of $27.70 and a 12 month high of $30.69.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA grew its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 116.6% in the fourth quarter. Private Trust Co. NA now owns 7,025 shares of the exchange traded fund’s stock worth $207,000 after purchasing an additional 3,782 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the fourth quarter valued at about $241,000. Octavia Wealth Advisors LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the fourth quarter worth about $251,000. Drive Wealth Management LLC bought a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 4th quarter worth approximately $262,000. Finally, Truist Financial Corp increased its position in Invesco DB US Dollar Index Bullish Fund by 5.5% during the 2nd quarter. Truist Financial Corp now owns 10,333 shares of the exchange traded fund’s stock valued at $301,000 after purchasing an additional 538 shares during the period.

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.