Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.72 and traded as low as $27.37. Invesco DB US Dollar Index Bullish Fund shares last traded at $27.37, with a volume of 601,113 shares traded.

Invesco DB US Dollar Index Bullish Fund Trading Down 0.3%

The business has a fifty day moving average price of $27.59 and a 200-day moving average price of $28.72.

Institutional Investors Weigh In On Invesco DB US Dollar Index Bullish Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Luminist Capital LLC raised its stake in Invesco DB US Dollar Index Bullish Fund by 36.8% in the first quarter. Luminist Capital LLC now owns 1,464 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 394 shares in the last quarter. National Bank of Canada FI grew its position in Invesco DB US Dollar Index Bullish Fund by 1,436.4% during the 1st quarter. National Bank of Canada FI now owns 1,813 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 1,695 shares during the last quarter. Chapman Financial Group LLC acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund in the fourth quarter valued at approximately $52,000. Avantax Advisory Services Inc. raised its stake in shares of Invesco DB US Dollar Index Bullish Fund by 18.9% during the first quarter. Avantax Advisory Services Inc. now owns 11,984 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 1,904 shares during the last quarter. Finally, Drive Wealth Management LLC raised its position in Invesco DB US Dollar Index Bullish Fund by 22.9% during the 1st quarter. Drive Wealth Management LLC now owns 10,963 shares of the exchange traded fund’s stock worth $313,000 after purchasing an additional 2,042 shares during the last quarter.

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.