Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Shares Down 0.2% – Here’s Why

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s stock price was down 0.2% on Tuesday . The company traded as low as $17.88 and last traded at $17.89. Approximately 82,624 shares were traded during mid-day trading, a decline of 57% from the average session volume of 193,710 shares. The stock had previously closed at $17.92.

Invesco DB US Dollar Index Bearish Fund Stock Performance

The firm has a fifty day moving average price of $18.10 and a 200 day moving average price of $18.20.

Institutional Trading of Invesco DB US Dollar Index Bearish Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC increased its holdings in 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 purchasing an additional 704 shares during the last quarter. Comerica Bank acquired a new stake in shares of Invesco DB US Dollar Index Bearish Fund in the first quarter valued at approximately $88,000. Kestra Advisory Services LLC bought a new stake in Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth about $88,000. NewEdge Advisors LLC bought a new stake in Invesco DB US Dollar Index Bearish Fund during the first quarter worth about $211,000. Finally, Raymond James Financial Inc. acquired a new stake in Invesco DB US Dollar Index Bearish Fund in the second quarter valued at $214,000.

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.