Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Short Interest Update

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,170,041 shares, a growth of 279.2% from the June 30th total of 1,363,273 shares. Based on an average daily volume of 2,197,459 shares, the days-to-cover ratio is presently 2.4 days. Approximately 32.9% of the shares of the stock are sold short.

Invesco DB US Dollar Index Bullish Fund Price Performance

Shares of NYSEARCA:UUP traded up $0.02 during trading on Friday, hitting $28.58. The company had a trading volume of 1,110,245 shares, compared to its average volume of 2,204,467. Invesco DB US Dollar Index Bullish Fund has a one year low of $26.40 and a one year high of $28.59. The company has a fifty day simple moving average of $28.15 and a two-hundred day simple moving average of $27.62.

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

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Invesco DB US Dollar Index Bullish Fund by 34.6% in the first quarter. Royal Bank of Canada now owns 68,856 shares of the exchange traded fund’s stock worth $1,965,000 after acquiring an additional 17,692 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 104.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock worth $450,000 after buying an additional 368,650 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the first quarter worth $1,864,000. Baird Financial Group Inc. acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the second quarter valued at about $3,246,000. Finally, Natixis acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the second quarter valued at about $989,000.

About Invesco DB US Dollar Index Bullish Fund

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.