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

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 7,456,289 shares, an increase of 414.9% from the August 31st total of 1,448,104 shares. Approximately 53.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,545,127 shares, the days-to-cover ratio is currently 4.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IPG Investment Advisors LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund in the 2nd quarter valued at about $746,000. Pettinga Financial Advisors LLC grew its position in shares of Invesco DB US Dollar Index Bullish Fund by 20.1% during the second quarter. Pettinga Financial Advisors LLC now owns 137,690 shares of the exchange traded fund’s stock worth $3,912,000 after buying an additional 23,015 shares in the last quarter. City Center Advisors LLC acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund during the second quarter worth about $211,000. NewEdge Advisors LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the first quarter worth approximately $522,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the first quarter worth approximately $61,000.

Invesco DB US Dollar Index Bullish Fund Price Performance

Shares of UUP stock opened at $28.61 on Friday. The firm has a 50 day moving average of $28.22 and a two-hundred day moving average of $27.97. Invesco DB US Dollar Index Bullish Fund has a 52 week low of $26.40 and a 52 week high of $28.74.

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.