Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) Shares Cross Above 200 Day Moving Average – Should You Sell?

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.00 and traded as high as $29.37. Invesco DB US Dollar Index Bullish Fund shares last traded at $29.37, with a volume of 388,592 shares changing hands.

Invesco DB US Dollar Index Bullish Fund Stock Performance

The business has a 50-day moving average price of $29.75 and a 200 day moving average price of $29.00.

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

Several hedge funds have recently modified their holdings of the stock. New York Life Investment Management LLC raised its holdings in Invesco DB US Dollar Index Bullish Fund by 135.7% during the 2nd quarter. New York Life Investment Management LLC now owns 1,630,386 shares of the exchange traded fund’s stock worth $47,493,000 after buying an additional 938,762 shares during the period. Empowered Funds LLC acquired a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the third quarter valued at approximately $3,627,000. Fortis Group Advisors LLC raised its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 515.9% during the second quarter. Fortis Group Advisors LLC now owns 140,886 shares of the exchange traded fund’s stock valued at $4,104,000 after acquiring an additional 118,012 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Invesco DB US Dollar Index Bullish Fund by 54.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 319,548 shares of the exchange traded fund’s stock valued at $9,308,000 after acquiring an additional 113,222 shares in the last quarter. Finally, Davies Financial Advisors Inc. acquired a new position in Invesco DB US Dollar Index Bullish Fund in the 2nd quarter worth approximately $3,021,000.

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.