Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Stock Price Up 0.9% – Still a Buy?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s share price traded up 0.9% on Tuesday . The stock traded as high as $18.24 and last traded at $18.21. 386,481 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 219,103 shares. The stock had previously closed at $18.04.

Invesco DB US Dollar Index Bearish Fund Trading Up 0.9%

The company’s 50-day moving average price is $18.41 and its 200 day moving average price is $18.58.

Hedge Funds Weigh In On Invesco DB US Dollar Index Bearish Fund

Several large investors have recently modified their holdings of UDN. Creative Planning lifted its position in Invesco DB US Dollar Index Bearish Fund by 7.3% in the third quarter. Creative Planning now owns 21,154 shares of the company’s stock valued at $398,000 after buying an additional 1,437 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Invesco DB US Dollar Index Bearish Fund by 5.9% in the 3rd quarter. Jefferies Financial Group Inc. now owns 265,944 shares of the company’s stock valued at $5,005,000 after acquiring an additional 14,887 shares during the period. Solstein Capital LLC lifted its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 31.0% in the 3rd quarter. Solstein Capital LLC now owns 43,000 shares of the company’s stock worth $809,000 after acquiring an additional 10,178 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Invesco DB US Dollar Index Bearish Fund by 33.9% during the 3rd quarter. HighTower Advisors LLC now owns 570,849 shares of the company’s stock worth $10,743,000 after purchasing an additional 144,616 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Invesco DB US Dollar Index Bearish Fund in the 2nd quarter valued at approximately $214,000.

About Invesco DB US Dollar Index Bearish Fund

PowerShares DB US Dollar Index Bearish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund’s subsidiary is DB US Dollar Index Bearish Master Fund (the Master Fund), which is a separate series of DB US Dollar Index Bearish Master Trust (the Master Trust). The Fund offers common units of beneficial interest only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.