Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Short Interest Down 78.6% in August

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,346,508 shares, a decrease of 78.6% from the July 30th total of 6,306,126 shares. Based on an average daily volume of 1,860,342 shares, the short-interest ratio is presently 0.7 days. Approximately 8.9% of the company’s shares are sold short.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI increased its holdings in Invesco DB US Dollar Index Bullish Fund by 809.9% during the 3rd quarter. National Bank of Canada FI now owns 1,283 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 1,142 shares during the period. Western Wealth Management LLC bought a new stake in Invesco DB US Dollar Index Bullish Fund in the first quarter valued at approximately $61,000. Geneos Wealth Management Inc. bought a new stake in Invesco DB US Dollar Index Bullish Fund during the 1st quarter valued at $71,000. Tucker Asset Management LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the fourth quarter worth about $151,000. Finally, Advisory Services Network LLC purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund during the third quarter valued at approximately $176,000.

Invesco DB US Dollar Index Bullish Fund Price Performance

UUP traded down $0.01 during trading on Thursday, hitting $28.02. The company’s stock had a trading volume of 974,483 shares, compared to its average volume of 2,116,101. Invesco DB US Dollar Index Bullish Fund has a twelve month low of $26.40 and a twelve month high of $28.60. The stock’s fifty day moving average price is $28.28 and its 200-day moving average price is $27.80.

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.