Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Short Interest Down 49.8% in May

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 79,369 shares, a drop of 49.8% from the May 14th total of 158,116 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 113,665 shares, the days-to-cover ratio is currently 0.7 days.

Invesco DB US Dollar Index Bearish Fund Price Performance

Shares of UDN stock opened at $18.10 on Friday. Invesco DB US Dollar Index Bearish Fund has a 52-week low of $17.87 and a 52-week high of $19.10. The company’s 50 day moving average is $18.22 and its 200 day moving average is $18.29.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of Invesco DB US Dollar Index Bearish Fund by 1.9% in the fourth quarter. HighTower Advisors LLC now owns 581,726 shares of the company’s stock valued at $10,611,000 after buying an additional 10,877 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 31.8% during the third quarter. Bank of America Corp DE now owns 522,460 shares of the company’s stock worth $9,833,000 after buying an additional 125,986 shares in the last quarter. Jefferies Financial Group Inc. raised its position in shares of Invesco DB US Dollar Index Bearish Fund by 5.9% in the third quarter. Jefferies Financial Group Inc. now owns 265,944 shares of the company’s stock valued at $5,005,000 after buying an additional 14,887 shares during the last quarter. GFS Advisors LLC purchased a new position in Invesco DB US Dollar Index Bearish Fund in the 4th quarter worth approximately $2,918,000. Finally, UBS Group AG increased its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 29.9% in the fourth quarter. UBS Group AG now owns 140,684 shares of the company’s stock valued at $2,566,000 after purchasing an additional 32,376 shares during the last quarter.

Invesco DB US Dollar Index Bearish Fund Company Profile

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.