Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Trading Up 0.3% – Should You Buy?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s stock price was up 0.3% on Thursday . The stock traded as high as $18.13 and last traded at $18.11. Approximately 88,021 shares were traded during trading, a decline of 57% from the average daily volume of 205,231 shares. The stock had previously closed at $18.05.

Invesco DB US Dollar Index Bearish Fund Stock Performance

The company has a fifty day moving average price of $18.22 and a two-hundred day moving average price of $18.29.

Institutional Trading of Invesco DB US Dollar Index Bearish Fund

Several hedge funds and other institutional investors have recently made changes to their positions in UDN. Delos Wealth Advisors LLC grew its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 31.9% during the third quarter. Delos Wealth Advisors LLC now owns 2,911 shares of the company’s stock worth $55,000 after purchasing an additional 704 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the fourth quarter worth about $88,000. Comerica Bank bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the first quarter worth about $88,000. NewEdge Advisors LLC bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the first quarter worth about $211,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the second quarter worth about $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.