Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Stock Passes Below 200 Day Moving Average – Here’s Why

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.55 and traded as low as $27.31. Invesco DB US Dollar Index Bullish Fund shares last traded at $27.34, with a volume of 1,070,319 shares changing hands.

Invesco DB US Dollar Index Bullish Fund Price Performance

The firm has a 50-day moving average of $27.54 and a 200-day moving average of $27.55.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UUP. Golden State Wealth Management LLC lifted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 225.0% during the third quarter. Golden State Wealth Management LLC now owns 975 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 675 shares during the period. National Bank of Canada FI increased its holdings in Invesco DB US Dollar Index Bullish Fund by 809.9% in the 3rd quarter. National Bank of Canada FI now owns 1,283 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 1,142 shares during the period. Geneos Wealth Management Inc. purchased a new position in Invesco DB US Dollar Index Bullish Fund during the 1st quarter worth approximately $71,000. Knights of Columbus Asset Advisors LLC raised its position in Invesco DB US Dollar Index Bullish Fund by 18.7% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 3,259 shares of the exchange traded fund’s stock worth $90,000 after buying an additional 514 shares during the last quarter. Finally, Tucker Asset Management LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund during the 4th quarter valued at approximately $151,000.

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.