Traders Purchase Large Volume of Invesco DB US Dollar Index Bullish Fund Put Options (NYSEARCA:UUP)

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw some unusual options trading activity on Wednesday. Investors bought 8,606 put options on the company. This is an increase of approximately 189% compared to the average daily volume of 2,978 put options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Invesco DB US Dollar Index Bullish Fund by 22,676.1% in the 4th quarter. JPMorgan Chase & Co. now owns 906,035 shares of the exchange traded fund’s stock valued at $26,656,000 after acquiring an additional 902,057 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth about $18,946,000. LPL Financial LLC boosted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 143.2% during the 4th quarter. LPL Financial LLC now owns 217,868 shares of the exchange traded fund’s stock worth $6,410,000 after buying an additional 128,279 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 3.2% during the 4th quarter. Bank of America Corp DE now owns 200,798 shares of the exchange traded fund’s stock worth $5,907,000 after buying an additional 6,237 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 93.6% during the 4th quarter. BNP Paribas Financial Markets now owns 198,268 shares of the exchange traded fund’s stock worth $5,833,000 after buying an additional 95,856 shares during the period.

Invesco DB US Dollar Index Bullish Fund Price Performance

Shares of UUP opened at $28.48 on Friday. The firm has a 50-day moving average of $29.35 and a 200-day moving average of $29.19. Invesco DB US Dollar Index Bullish Fund has a one year low of $27.70 and a one year high of $30.69.

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.