Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Shares Down 0.7% – Here’s What Happened

Shares of Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) traded down 0.7% during mid-day trading on Friday. The company traded as low as $17.75 and last traded at $17.77. Approximately 136,483 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 146,244 shares. The stock had previously closed at $17.89.

Invesco DB US Dollar Index Bearish Fund Price Performance

The company has a 50-day moving average price of $17.96 and a 200-day moving average price of $18.12.

Institutional Investors Weigh In On Invesco DB US Dollar Index Bearish Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Invesco DB US Dollar Index Bearish Fund by 14.1% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 76,428 shares of the company’s stock valued at $1,365,000 after purchasing an additional 9,423 shares in the last quarter. Simplex Trading LLC bought a new stake in Invesco DB US Dollar Index Bearish Fund during the 3rd quarter worth about $673,000. Lido Advisors LLC lifted its position in Invesco DB US Dollar Index Bearish Fund by 104.7% during the 1st 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. Bull Harbor Capital LLC acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 1st quarter worth about $359,000. Finally, Sowell Financial Services LLC acquired a new position in shares of Invesco DB US Dollar Index Bearish Fund during the 3rd quarter worth about $218,000.

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.