Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.73 and traded as low as $27.37. Invesco DB US Dollar Index Bullish Fund shares last traded at $27.37, with a volume of 661,547 shares changing hands.

Invesco DB US Dollar Index Bullish Fund Trading Down 0.1%

The business’s fifty day moving average price is $27.31 and its 200 day moving average price is $27.73.

Hedge Funds Weigh In On Invesco DB US Dollar Index Bullish Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 3.2% during the 4th quarter. Bank of America Corp DE now owns 200,798 shares of the exchange traded fund’s stock worth $5,907,000 after acquiring an additional 6,237 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 93.6% during the 4th quarter. BNP Paribas Financial Markets now owns 198,268 shares of the exchange traded fund’s stock worth $5,833,000 after acquiring an additional 95,856 shares during the period. Western Standard LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth about $5,344,000. Raffles Associates LP bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 2nd quarter worth about $4,301,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 2nd quarter worth about $3,876,000.

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.