Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Stock Price Up 0.9% – Here’s What Happened

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s share price rose 0.9% on Tuesday . The stock traded as high as $18.24 and last traded at $18.21. Approximately 386,481 shares changed hands during mid-day trading, an increase of 76% from the average daily volume of 219,103 shares. The stock had previously closed at $18.04.

Invesco DB US Dollar Index Bearish Fund Price Performance

The firm has a fifty day simple moving average of $18.41 and a 200 day simple moving average of $18.58.

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

Large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in shares of Invesco DB US Dollar Index Bearish Fund by 33.9% during the third quarter. HighTower Advisors LLC now owns 570,849 shares of the company’s stock worth $10,743,000 after purchasing an additional 144,616 shares in the last quarter. Bank of America Corp DE boosted its holdings in Invesco DB US Dollar Index Bearish Fund by 31.8% in the 3rd quarter. Bank of America Corp DE now owns 522,460 shares of the company’s stock worth $9,833,000 after buying an additional 125,986 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in Invesco DB US Dollar Index Bearish Fund by 5.9% in the 3rd quarter. Jefferies Financial Group Inc. now owns 265,944 shares of the company’s stock worth $5,005,000 after buying an additional 14,887 shares during the last quarter. UBS Group AG increased its stake in Invesco DB US Dollar Index Bearish Fund by 76.7% during the 3rd quarter. UBS Group AG now owns 108,308 shares of the company’s stock worth $2,038,000 after buying an additional 47,011 shares in the last quarter. Finally, Solstein Capital LLC raised its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 31.0% during the third quarter. Solstein Capital LLC now owns 43,000 shares of the company’s stock valued at $809,000 after acquiring an additional 10,178 shares during the last quarter.

Invesco DB US Dollar Index Bearish Fund Company Profile

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.