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

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,061,008 shares, an increase of 89.0% from the April 15th total of 1,619,927 shares. Based on an average daily trading volume, of 1,822,202 shares, the days-to-cover ratio is currently 1.7 days. Approximately 24.1% of the shares of the company are sold short.

Invesco DB US Dollar Index Bullish Fund Stock Performance

Shares of UUP traded down $0.07 during trading hours on Monday, hitting $27.70. 2,992,076 shares of the company were exchanged, compared to its average volume of 2,236,067. Invesco DB US Dollar Index Bullish Fund has a fifty-two week low of $26.40 and a fifty-two week high of $28.45. The firm’s fifty day moving average is $27.57 and its 200 day moving average is $27.54.

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

Several large investors have recently bought and sold shares of UUP. Empowered Funds LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the first quarter worth about $13,602,000. Goldman Sachs Group Inc. raised its position in shares of Invesco DB US Dollar Index Bullish Fund by 104.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock worth $450,000 after acquiring an additional 368,650 shares during the last quarter. Intrua Financial LLC raised its position in shares of Invesco DB US Dollar Index Bullish Fund by 1,451.0% during the fourth quarter. Intrua Financial LLC now owns 253,375 shares of the exchange traded fund’s stock worth $6,849,000 after acquiring an additional 237,039 shares during the last quarter. Raffles Associates LP bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the second quarter worth about $4,301,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the fourth quarter worth about $4,190,000.

About Invesco DB US Dollar Index Bullish Fund

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.