Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Share Price Passes Above 50-Day Moving Average – What’s Next?

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.93 and traded as high as $28.46. Invesco DB US Dollar Index Bullish Fund shares last traded at $28.36, with a volume of 1,338,165 shares.

Invesco DB US Dollar Index Bullish Fund Trading Down 0.1%

The firm has a 50-day moving average of $27.93 and a two-hundred day moving average of $27.51.

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

Large investors have recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund during the first quarter valued at $13,602,000. Bank of America Corp DE grew its position in shares of Invesco DB US Dollar Index Bullish Fund by 13.6% during the 1st quarter. Bank of America Corp DE now owns 270,479 shares of the exchange traded fund’s stock valued at $7,514,000 after acquiring an additional 32,366 shares during the period. Intrua Financial LLC grew its position in shares of Invesco DB US Dollar Index Bullish Fund by 1,451.0% during the 4th quarter. Intrua Financial LLC now owns 253,375 shares of the exchange traded fund’s stock valued at $6,849,000 after acquiring an additional 237,039 shares during the period. Raffles Associates LP purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 2nd quarter valued at about $4,301,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 4th quarter valued at about $4,190,000.

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.