Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.21 and traded as low as $28.47. Invesco DB US Dollar Index Bullish Fund shares last traded at $28.51, with a volume of 364,693 shares.

Invesco DB US Dollar Index Bullish Fund Stock Down 0.2 %

The stock has a 50 day moving average of $28.97 and a two-hundred day moving average of $29.21.

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

Several hedge funds have recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in Invesco DB US Dollar Index Bullish Fund during the fourth quarter worth about $52,000. GeoWealth Management LLC purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth approximately $84,000. Comerica Bank acquired a new position in shares of Invesco DB US Dollar Index Bullish Fund during the 4th quarter worth approximately $192,000. Private Trust Co. NA lifted its stake 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 in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Invesco DB US Dollar Index Bullish Fund during the 4th quarter valued at $241,000.

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.