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

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)’s stock price crossed 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 changing hands.

Invesco DB US Dollar Index Bullish Fund Price Performance

The firm has a 50-day moving average of $29.81 and a 200-day moving average of $29.03.

Institutional Trading of Invesco DB US Dollar Index Bullish Fund

A number of hedge funds have recently bought and sold shares of UUP. Private Advisor Group LLC bought a new stake in Invesco DB US Dollar Index Bullish Fund during the second quarter valued at about $826,000. Envestnet Asset Management Inc. boosted its position in shares of Invesco DB US Dollar Index Bullish Fund by 182.2% in the second quarter. Envestnet Asset Management Inc. now owns 108,853 shares of the exchange traded fund’s stock worth $3,171,000 after purchasing an additional 70,285 shares during the period. Truist Financial Corp increased its stake in shares of Invesco DB US Dollar Index Bullish Fund by 5.5% in the second quarter. Truist Financial Corp now owns 10,333 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 538 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco DB US Dollar Index Bullish Fund by 66.7% during 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. Finally, Good Life Advisors LLC lifted its stake in shares of Invesco DB US Dollar Index Bullish Fund by 64.9% during 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 in the last quarter.

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.