Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Sees Significant Growth in Short Interest

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,170,041 shares, a growth of 279.2% from the June 30th total of 1,363,273 shares. Currently, 32.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,197,459 shares, the short-interest ratio is presently 2.4 days.

Invesco DB US Dollar Index Bullish Fund Stock Performance

Shares of UUP stock traded up $0.02 during trading hours on Friday, hitting $28.58. The company had a trading volume of 1,110,245 shares, compared to its average volume of 2,204,467. Invesco DB US Dollar Index Bullish Fund has a fifty-two week low of $26.40 and a fifty-two week high of $28.59. The company’s fifty day moving average is $28.15 and its 200 day moving average is $27.62.

Institutional Trading of Invesco DB US Dollar Index Bullish Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its position in Invesco DB US Dollar Index Bullish Fund by 809.9% during 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 last quarter. Western Wealth Management LLC acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 1st quarter worth $61,000. Geneos Wealth Management Inc. purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 1st quarter worth about $71,000. Tucker Asset Management LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 4th quarter worth about $151,000. Finally, Advisory Services Network LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund in the 3rd quarter valued at about $176,000.

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.