Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Stock Price Up 0.2% – Should You Buy?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s share price was up 0.2% during trading on Thursday . The stock traded as high as $16.79 and last traded at $16.77. Approximately 36,660 shares traded hands during trading, a decline of 36% from the average daily volume of 57,603 shares. The stock had previously closed at $16.73.

Invesco DB US Dollar Index Bearish Fund Price Performance

The business’s 50-day simple moving average is $17.91 and its 200 day simple moving average is $18.26.

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

An institutional investor recently raised its position in Invesco DB US Dollar Index Bearish Fund stock. Delos Wealth Advisors LLC boosted its holdings in shares of Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,626 shares of the company’s stock after buying an additional 1,272 shares during the quarter. Delos Wealth Advisors LLC owned approximately 1.61% of Invesco DB US Dollar Index Bearish Fund worth $959,000 as of its most recent SEC filing.

About Invesco DB US Dollar Index Bearish Fund

PowerShares DB US Dollar Index Bearish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund’s subsidiary is DB US Dollar Index Bearish Master Fund (the Master Fund), which is a separate series of DB US Dollar Index Bearish Master Trust (the Master Trust).