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

Shares of Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $27.93 and traded as high as $28.46. Invesco DB US Dollar Index Bullish Fund shares last traded at $28.36, with a volume of 1,338,165 shares trading hands.

Invesco DB US Dollar Index Bullish Fund Stock Down 0.1%

The stock’s fifty day simple moving average is $27.93 and its 200 day simple moving average is $27.51.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UUP. City Center Advisors LLC purchased a new position in Invesco DB US Dollar Index Bullish Fund in the 2nd quarter worth $211,000. NewEdge Advisors LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund during the first quarter valued at $522,000. Western Wealth Management LLC purchased a new stake in Invesco DB US Dollar Index Bullish Fund in the first quarter valued at $61,000. Bank of America Corp DE boosted its holdings in Invesco DB US Dollar Index Bullish Fund by 13.6% in the first quarter. Bank of America Corp DE now owns 270,479 shares of the exchange traded fund’s stock valued at $7,514,000 after purchasing an additional 32,366 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund during the 1st quarter worth about $13,602,000.

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.