Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $27.69 and traded as high as $28.37. Invesco DB US Dollar Index Bullish Fund shares last traded at $28.36, with a volume of 2,514,755 shares trading hands.

Invesco DB US Dollar Index Bullish Fund Stock Performance

The company has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $27.48.

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

Institutional investors have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. acquired a new stake in Invesco DB US Dollar Index Bullish Fund in the fourth quarter valued at $4,190,000. EverSource Wealth Advisors LLC bought a new position in Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth $213,000. Intrua Financial LLC lifted its holdings in Invesco DB US Dollar Index Bullish Fund by 1,451.0% during the 4th quarter. Intrua Financial LLC now owns 253,375 shares of the exchange traded fund’s stock worth $6,849,000 after buying an additional 237,039 shares during the period. Tucker Asset Management LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth about $151,000. Finally, Farther Finance Advisors LLC grew its position in shares of Invesco DB US Dollar Index Bullish Fund by 7,888.3% in the 4th quarter. Farther Finance Advisors LLC now owns 43,696 shares of the exchange traded fund’s stock valued at $1,181,000 after buying an additional 43,149 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. 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.