Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Hits New 1-Year High at $29.69

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUPGet Rating)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $29.69 and last traded at $29.69, with a volume of 605 shares. The stock had previously closed at $29.52.

Invesco DB US Dollar Index Bullish Fund Stock Up 0.1 %

The stock’s fifty day simple moving average is $28.88 and its 200 day simple moving average is $27.86.

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

A number of large investors have recently modified their holdings of UUP. Exchange Traded Concepts LLC purchased a new stake in Invesco DB US Dollar Index Bullish Fund in the second quarter valued at approximately $289,981,000. Wells Fargo & Company MN boosted its position in Invesco DB US Dollar Index Bullish Fund by 674.9% in the second quarter. Wells Fargo & Company MN now owns 3,124,144 shares of the exchange traded fund’s stock valued at $87,352,000 after buying an additional 2,720,998 shares during the last quarter. Wright Fund Managment LLC purchased a new stake in Invesco DB US Dollar Index Bullish Fund in the fourth quarter valued at approximately $58,682,000. Bank of America Corp DE boosted its position in Invesco DB US Dollar Index Bullish Fund by 355.2% in the 1st quarter. Bank of America Corp DE now owns 1,610,259 shares of the exchange traded fund’s stock worth $42,350,000 after purchasing an additional 1,256,509 shares in the last quarter. Finally, 3EDGE Asset Management LP purchased a new stake in Invesco DB US Dollar Index Bullish Fund in the 2nd quarter worth approximately $31,041,000.

About Invesco DB US Dollar Index Bullish Fund

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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.

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