Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.03 and traded as high as $29.66. Invesco DB US Dollar Index Bullish Fund shares last traded at $29.61, with a volume of 2,158,497 shares.

Invesco DB US Dollar Index Bullish Fund Price Performance

The company has a 50-day moving average price of $29.82 and a 200-day moving average price of $29.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in Invesco DB US Dollar Index Bullish Fund during the third quarter worth about $3,627,000. Cetera Investment Advisers raised its stake in shares of Invesco DB US Dollar Index Bullish Fund by 66.7% in the 2nd quarter. Cetera Investment Advisers now owns 113,562 shares of the exchange traded fund’s stock valued at $3,308,000 after purchasing an additional 45,456 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco DB US Dollar Index Bullish Fund by 182.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 108,853 shares of the exchange traded fund’s stock valued at $3,171,000 after purchasing an additional 70,285 shares during the period. Flow Traders U.S. LLC raised its stake in shares of Invesco DB US Dollar Index Bullish Fund by 505.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 74,410 shares of the exchange traded fund’s stock valued at $2,097,000 after purchasing an additional 62,124 shares during the period. Finally, Park Edge Advisors LLC raised its stake in shares of Invesco DB US Dollar Index Bullish Fund by 3.6% in the 3rd quarter. Park Edge Advisors LLC now owns 43,663 shares of the exchange traded fund’s stock valued at $1,230,000 after purchasing an additional 1,502 shares during the period.

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.