Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.58 and traded as low as $27.40. Invesco DB US Dollar Index Bullish Fund shares last traded at $27.48, with a volume of 768,387 shares trading hands.

Invesco DB US Dollar Index Bullish Fund Stock Up 0.0%

The business’s 50 day moving average is $27.45 and its 200 day moving average is $27.58.

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

A number of large investors have recently added to or reduced their stakes in UUP. EverSource Wealth Advisors LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the fourth quarter worth about $213,000. Jefferies Financial Group Inc. purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 4th quarter valued at approximately $4,190,000. Intrua Financial LLC grew its position in Invesco DB US Dollar Index Bullish Fund by 1,451.0% during the 4th quarter. Intrua Financial LLC now owns 253,375 shares of the exchange traded fund’s stock worth $6,849,000 after purchasing an additional 237,039 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund during the 4th quarter valued at approximately $273,000. Finally, Brookstone Capital Management acquired a new position in Invesco DB US Dollar Index Bullish Fund during the 4th quarter valued at approximately $2,030,000.

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.