Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.20 and traded as low as $28.27. Invesco DB US Dollar Index Bullish Fund shares last traded at $28.32, with a volume of 408,729 shares trading hands.

Invesco DB US Dollar Index Bullish Fund Stock Up 0.2 %

The company’s 50 day simple moving average is $29.28 and its 200 day simple moving average is $29.20.

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

Several large investors have recently modified their holdings of the company. Chapman Financial Group LLC acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the fourth quarter worth $52,000. GeoWealth Management LLC purchased a new stake in Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth about $84,000. Private Trust Co. NA grew its holdings in Invesco DB US Dollar Index Bullish Fund by 116.6% in the 4th quarter. Private Trust Co. NA now owns 7,025 shares of the exchange traded fund’s stock valued at $207,000 after buying an additional 3,782 shares during the period. Wells Fargo & Company MN grew its holdings in Invesco DB US Dollar Index Bullish Fund by 5.8% in the 4th quarter. Wells Fargo & Company MN now owns 71,948 shares of the exchange traded fund’s stock valued at $2,117,000 after buying an additional 3,971 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Invesco DB US Dollar Index Bullish Fund by 3.2% in the 4th quarter. Bank of America Corp DE now owns 200,798 shares of the exchange traded fund’s stock valued at $5,907,000 after purchasing an additional 6,237 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.