Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $27.93 and traded as high as $28.46. Invesco DB US Dollar Index Bullish Fund shares last traded at $28.36, with a volume of 1,338,165 shares changing hands.

Invesco DB US Dollar Index Bullish Fund Trading Up 0.1%

The firm has a 50-day moving average of $27.96 and a 200-day moving average of $27.52.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UUP. National Bank of Canada FI raised its holdings 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 valued at $35,000 after buying an additional 1,142 shares during the last quarter. Western Wealth Management LLC bought a new stake in Invesco DB US Dollar Index Bullish Fund in the 1st quarter worth $61,000. Geneos Wealth Management Inc. purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund in the first quarter valued at about $71,000. Tucker Asset Management LLC purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund in the fourth quarter valued at about $151,000. Finally, Advisory Services Network LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the third 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.