Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Short Interest Update

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,359,050 shares, a decrease of 23.4% from the December 31st total of 3,081,684 shares. Based on an average daily volume of 1,075,752 shares, the days-to-cover ratio is presently 2.2 days. Currently, 29.7% of the shares of the company are short sold. Currently, 29.7% of the shares of the company are short sold. Based on an average daily volume of 1,075,752 shares, the days-to-cover ratio is presently 2.2 days.

Invesco DB US Dollar Index Bullish Fund Stock Performance

NYSEARCA:UUP traded down $0.06 during midday trading on Tuesday, reaching $26.94. The stock had a trading volume of 557,373 shares, compared to its average volume of 1,329,245. The firm has a fifty day simple moving average of $27.46 and a two-hundred day simple moving average of $27.60. Invesco DB US Dollar Index Bullish Fund has a 12-month low of $26.40 and a 12-month high of $29.53.

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

A number of hedge funds have recently added to or reduced their stakes in UUP. Tactive Advisors LLC acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth $744,000. Ehrlich Financial Group acquired a new position in Invesco DB US Dollar Index Bullish Fund during the fourth quarter worth about $608,000. Knights of Columbus Asset Advisors LLC raised its position in Invesco DB US Dollar Index Bullish Fund by 18.7% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 3,259 shares of the exchange traded fund’s stock worth $90,000 after acquiring an additional 514 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 225.0% in the third quarter. Golden State Wealth Management LLC now owns 975 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 675 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the third quarter valued at approximately $887,000.

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.