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) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Invesco DB US Dollar Index Bullish Fund Stock Up 0.5 %

The stock has a fifty day moving average price of $29.82 and a 200-day moving average price of $29.04.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of UUP. Truist Financial Corp boosted its position in 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 buying an additional 538 shares during the last quarter. Focus Financial Network Inc. boosted its position in Invesco DB US Dollar Index Bullish Fund by 2.8% in the 3rd quarter. Focus Financial Network Inc. now owns 12,593 shares of the exchange traded fund’s stock valued at $355,000 after buying an additional 345 shares during the last quarter. Good Life Advisors LLC boosted its position in Invesco DB US Dollar Index Bullish Fund by 64.9% in the 3rd quarter. Good Life Advisors LLC now owns 20,504 shares of the exchange traded fund’s stock valued at $578,000 after buying an additional 8,069 shares during the last quarter. Private Advisor Group LLC bought a new position in Invesco DB US Dollar Index Bullish Fund in the 2nd quarter valued at $826,000. Finally, Raffles Associates LP bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 3rd quarter worth $1,127,000.

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.