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) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.61 and traded as low as $26.93. Invesco DB US Dollar Index Bullish Fund shares last traded at $26.95, with a volume of 699,444 shares.

Invesco DB US Dollar Index Bullish Fund Price Performance

The company’s 50 day simple moving average is $28.01 and its 200 day simple moving average is $27.61.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UUP. Kestra Advisory Services LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund during the first quarter worth approximately $1,486,000. Royal Bank of Canada increased its position in Invesco DB US Dollar Index Bullish Fund by 34.6% during the 1st quarter. Royal Bank of Canada now owns 68,856 shares of the exchange traded fund’s stock worth $1,965,000 after purchasing an additional 17,692 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Invesco DB US Dollar Index Bullish Fund by 104.5% in the first quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock valued at $450,000 after acquiring an additional 368,650 shares during the period. Empowered Funds LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund during the first quarter worth about $1,864,000. Finally, Park Edge Advisors LLC increased its holdings in Invesco DB US Dollar Index Bullish Fund by 10.9% in the second quarter. Park Edge Advisors LLC now owns 64,130 shares of the exchange traded fund’s stock valued at $1,724,000 after buying an additional 6,315 shares in the last quarter.

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.