Invesco DB US Dollar Index Bullish Fund Sees Unusually Large Options Volume (NYSEARCA:UUP)
by Tristan Rich · The Markets DailyInvesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP – Get Free Report) was the target of some unusual options trading on Thursday. Investors purchased 85,903 call options on the company. This is an increase of approximately 1,680% compared to the average volume of 4,825 call options.
Institutional Investors Weigh In On Invesco DB US Dollar Index Bullish Fund
Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of Invesco DB US Dollar Index Bullish Fund by 104.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,782 shares of the exchange traded fund’s stock worth $450,000 after purchasing an additional 368,650 shares during the last quarter. Intrua Financial LLC increased its position in shares of Invesco DB US Dollar Index Bullish Fund by 1,451.0% during the 4th quarter. Intrua Financial LLC now owns 253,375 shares of the exchange traded fund’s stock worth $6,849,000 after purchasing an additional 237,039 shares during the last quarter. Raffles Associates LP acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 2nd quarter worth approximately $4,301,000. Jefferies Financial Group Inc. acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth approximately $4,190,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 2nd quarter worth approximately $3,246,000.
Invesco DB US Dollar Index Bullish Fund Stock Down 0.1%
Invesco DB US Dollar Index Bullish Fund stock traded down $0.04 during midday trading on Thursday, reaching $27.50. The stock had a trading volume of 1,305,128 shares, compared to its average volume of 2,256,450. The firm’s fifty day simple moving average is $27.35 and its 200-day simple moving average is $27.59. Invesco DB US Dollar Index Bullish Fund has a 1-year low of $26.40 and a 1-year high of $28.45.
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. The Fund seeks to track the Index by establishing long positions in DX Contracts accordingly. The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket.