Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Stock Passes Above 50-Day Moving Average – Time to Sell?

Shares of Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $27.60 and traded as high as $27.78. Invesco DB US Dollar Index Bullish Fund shares last traded at $27.75, with a volume of 1,929,199 shares traded.

Invesco DB US Dollar Index Bullish Fund Price Performance

The company has a 50-day moving average price of $27.60 and a two-hundred day moving average price of $27.52.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UUP. Royal Bank of Canada raised its position in shares of Invesco DB US Dollar Index Bullish Fund by 34.6% in the 1st quarter. Royal Bank of Canada now owns 68,856 shares of the exchange traded fund’s stock worth $1,965,000 after acquiring an additional 17,692 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Invesco DB US Dollar Index Bullish Fund by 104.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock worth $450,000 after acquiring an additional 368,650 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 1st quarter worth about $1,864,000. Baird Financial Group Inc. bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 2nd quarter worth about $3,246,000. Finally, Natixis bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 2nd quarter worth about $989,000.

About Invesco DB US Dollar Index Bullish Fund

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.