Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.62 and traded as low as $27.15. Invesco DB US Dollar Index Bullish Fund shares last traded at $27.21, with a volume of 931,318 shares.

Invesco DB US Dollar Index Bullish Fund Trading Down 0.8%

The stock has a 50-day simple moving average of $27.71 and a two-hundred day simple moving average of $27.62.

Institutional Trading of Invesco DB US Dollar Index Bullish Fund

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in Invesco DB US Dollar Index Bullish Fund by 34.6% during the 1st quarter. Royal Bank of Canada now owns 68,856 shares of the exchange traded fund’s stock valued at $1,965,000 after purchasing an additional 17,692 shares during the period. Goldman Sachs Group Inc. lifted 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 purchasing an additional 368,650 shares during the period. Advisory Services Network LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the third quarter valued at approximately $176,000. National Bank of Canada FI boosted its stake in shares of Invesco DB US Dollar Index Bullish Fund by 809.9% during the third quarter. National Bank of Canada FI now owns 1,283 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 1,142 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Invesco DB US Dollar Index Bullish Fund by 73.5% during the third quarter. JPMorgan Chase & Co. now owns 111,148 shares of the exchange traded fund’s stock valued at $3,058,000 after buying an additional 47,069 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. 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.