Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Stock Passes Below 200 Day Moving Average – Should You Sell?

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.54 and traded as low as $27.39. Invesco DB US Dollar Index Bullish Fund shares last traded at $27.41, with a volume of 2,493,175 shares changing hands.

Invesco DB US Dollar Index Bullish Fund Price Performance

The stock has a 50-day moving average of $27.06 and a 200-day moving average of $27.54.

Institutional Trading of Invesco DB US Dollar Index Bullish Fund

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 34.6% during the first quarter. Royal Bank of Canada now owns 68,856 shares of the exchange traded fund’s stock worth $1,965,000 after purchasing 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% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 368,650 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the 1st quarter valued at $1,864,000. Cetera Investment Advisers lifted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 101,722 shares of the exchange traded fund’s stock worth $2,734,000 after acquiring an additional 6,051 shares during the last quarter. Finally, AGP Franklin LLC purchased a new position in Invesco DB US Dollar Index Bullish Fund in the second quarter worth $1,554,000.

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.