Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Stock Falls 0.3% – Time to Sell?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) dropped 0.3% during mid-day trading on Monday. The company traded as low as $17.73 and last traded at $17.76. 122,690 shares were traded during mid-day trading, a decline of 21% from the average session volume of 155,305 shares. The stock had previously closed at $17.82.

Invesco DB US Dollar Index Bearish Fund Trading Down 0.5%

The company’s fifty day moving average price is $18.14 and its 200 day moving average price is $18.10.

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

A number of hedge funds have recently added to or reduced their stakes in UDN. NewEdge Advisors LLC bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the 1st quarter valued at $211,000. Maltin Wealth Management Inc. acquired a new position in Invesco DB US Dollar Index Bearish Fund in the first quarter valued at about $269,000. Bull Harbor Capital LLC bought a new stake in Invesco DB US Dollar Index Bearish Fund during the first quarter worth about $359,000. Lido Advisors LLC grew its stake in Invesco DB US Dollar Index Bearish Fund by 104.7% during the first quarter. Lido Advisors LLC now owns 21,818 shares of the company’s stock worth $393,000 after buying an additional 11,161 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Invesco DB US Dollar Index Bearish Fund by 14.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 76,428 shares of the company’s stock worth $1,365,000 after buying an additional 9,423 shares in 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.