Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Shares Down 0.1% – Here’s Why

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) shares were down 0.1% on Wednesday . The stock traded as low as $18.50 and last traded at $18.54. Approximately 184,213 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 298,886 shares. The stock had previously closed at $18.55.

Invesco DB US Dollar Index Bearish Fund Trading Down 0.1%

The business’s 50-day simple moving average is $18.40 and its two-hundred day simple moving average is $18.55.

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

Several institutional investors have recently made changes to their positions in the stock. GFS Advisors LLC bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the 4th quarter valued at $2,918,000. HighTower Advisors LLC grew its holdings in Invesco DB US Dollar Index Bearish Fund by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 581,726 shares of the company’s stock valued at $10,611,000 after buying an additional 10,877 shares in the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the fourth quarter valued at about $1,495,000. UBS Group AG boosted its position in shares of Invesco DB US Dollar Index Bearish Fund by 29.9% in the fourth quarter. UBS Group AG now owns 140,684 shares of the company’s stock valued at $2,566,000 after acquiring an additional 32,376 shares during the period. Finally, Delos Wealth Advisors LLC boosted its position in shares of Invesco DB US Dollar Index Bearish Fund by 31.9% in the third quarter. Delos Wealth Advisors LLC now owns 2,911 shares of the company’s stock valued at $55,000 after acquiring an additional 704 shares during the period.

About Invesco DB US Dollar Index Bearish Fund

PowerShares DB US Dollar Index Bearish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund’s subsidiary is DB US Dollar Index Bearish Master Fund (the Master Fund), which is a separate series of DB US Dollar Index Bearish Master Trust (the Master Trust). The Fund offers common units of beneficial interest only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.