Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $27.33 and traded as high as $27.84. Invesco DB US Dollar Index Bullish Fund shares last traded at $27.75, with a volume of 3,839,332 shares trading hands.

Invesco DB US Dollar Index Bullish Fund Price Performance

The firm’s 50-day moving average is $27.33 and its 200 day moving average is $27.59.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in UUP. Golden State Wealth Management LLC lifted its position in Invesco DB US Dollar Index Bullish Fund by 225.0% during the 3rd quarter. Golden State Wealth Management LLC now owns 975 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 675 shares in the last quarter. National Bank of Canada FI lifted its position in Invesco DB US Dollar Index Bullish Fund by 809.9% during the 3rd quarter. National Bank of Canada FI now owns 1,283 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 1,142 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in Invesco DB US Dollar Index Bullish Fund by 18.7% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 3,259 shares of the exchange traded fund’s stock worth $90,000 after buying an additional 514 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in Invesco DB US Dollar Index Bullish Fund during the 2nd quarter worth about $100,000. Finally, Tucker Asset Management LLC bought a new stake in Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth about $151,000.

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.