Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.00 and traded as high as $29.37. Invesco DB US Dollar Index Bullish Fund shares last traded at $29.37, with a volume of 388,592 shares traded.

Invesco DB US Dollar Index Bullish Fund Trading Down 0.3 %

The firm has a 50-day moving average of $29.76 and a 200 day moving average of $29.00.

Institutional Trading of Invesco DB US Dollar Index Bullish Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Truist Financial Corp raised its stake in shares of Invesco DB US Dollar Index Bullish Fund by 5.5% in the 2nd quarter. Truist Financial Corp now owns 10,333 shares of the exchange traded fund’s stock valued at $301,000 after purchasing an additional 538 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in Invesco DB US Dollar Index Bullish Fund by 2.8% during the 3rd quarter. Focus Financial Network Inc. now owns 12,593 shares of the exchange traded fund’s stock worth $355,000 after buying an additional 345 shares during the last quarter. Ferguson Shapiro LLC acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 2nd quarter worth approximately $432,000. Trademark Financial Management LLC increased its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 58.5% during the second quarter. Trademark Financial Management LLC now owns 19,058 shares of the exchange traded fund’s stock valued at $555,000 after purchasing an additional 7,032 shares during the period. Finally, Good Life Advisors LLC raised its stake in shares of Invesco DB US Dollar Index Bullish Fund by 64.9% during the third quarter. Good Life Advisors LLC now owns 20,504 shares of the exchange traded fund’s stock valued at $578,000 after purchasing an additional 8,069 shares in the last quarter.

Invesco DB US Dollar Index Bullish Fund Company Profile

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.