Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Short Interest Up 191.6% in August

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 160,102 shares, an increase of 191.6% from the August 15th total of 54,902 shares. Based on an average daily volume of 102,662 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.7% of the shares of the stock are short sold.

Invesco DB US Dollar Index Bearish Fund Stock Performance

Shares of UDN stock opened at $18.30 on Friday. The stock’s fifty day moving average is $18.11 and its 200-day moving average is $18.13. Invesco DB US Dollar Index Bearish Fund has a 52 week low of $17.75 and a 52 week high of $19.10.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UDN. Comerica Bank bought a new position in shares of Invesco DB US Dollar Index Bearish Fund in the first quarter worth about $88,000. Kestra Advisory Services LLC bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the fourth quarter valued at approximately $88,000. NewEdge Advisors LLC bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the first quarter valued at approximately $211,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco DB US Dollar Index Bearish Fund in the second quarter valued at approximately $214,000. Finally, Maltin Wealth Management Inc. acquired a new stake in shares of Invesco DB US Dollar Index Bearish Fund in the first quarter valued at approximately $269,000.

Invesco DB US Dollar Index Bearish Fund Company Profile

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.