Investors Buy High Volume of Call Options on Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the target of unusually large options trading on Tuesday. Stock investors purchased 9,552 call options on the company. This is an increase of 114% compared to the typical daily volume of 4,469 call options.

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

Several hedge funds have recently added to or reduced their stakes in the business. Luminist Capital LLC boosted its holdings in Invesco DB US Dollar Index Bullish Fund by 36.8% in the first quarter. Luminist Capital LLC now owns 1,464 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 394 shares during the last quarter. National Bank of Canada FI boosted its holdings in Invesco DB US Dollar Index Bullish Fund by 1,436.4% in the first quarter. National Bank of Canada FI now owns 1,813 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,695 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in Invesco DB US Dollar Index Bullish Fund in the fourth quarter valued at $52,000. Avantax Advisory Services Inc. boosted its holdings in Invesco DB US Dollar Index Bullish Fund by 18.9% in the first quarter. Avantax Advisory Services Inc. now owns 11,984 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 1,904 shares during the last quarter. Finally, Drive Wealth Management LLC raised its position in shares of Invesco DB US Dollar Index Bullish Fund by 22.9% in the first quarter. Drive Wealth Management LLC now owns 10,963 shares of the exchange traded fund’s stock worth $313,000 after acquiring an additional 2,042 shares during the period.

Invesco DB US Dollar Index Bullish Fund Price Performance

Shares of UUP opened at $27.38 on Wednesday. Invesco DB US Dollar Index Bullish Fund has a 1-year low of $26.99 and a 1-year high of $30.69. The company’s fifty day moving average price is $27.47 and its 200-day moving average price is $28.61.

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.