Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Trading 0.1% Higher – Should You Buy?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN)’s share price traded up 0.1% during trading on Tuesday . The stock traded as high as $17.88 and last traded at $17.83. Approximately 48,064 shares changed hands during trading, a decline of 73% from the average session volume of 179,262 shares. The stock had previously closed at $17.82.

Invesco DB US Dollar Index Bearish Fund Price Performance

The stock has a fifty day simple moving average of $17.99 and a two-hundred day simple moving average of $18.16.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UDN. HighTower Advisors LLC boosted its stake in shares of Invesco DB US Dollar Index Bearish Fund by 1.9% in the fourth quarter. HighTower Advisors LLC now owns 581,726 shares of the company’s stock valued at $10,611,000 after purchasing an additional 10,877 shares during the period. Bank of America Corp DE increased its stake in Invesco DB US Dollar Index Bearish Fund by 31.8% during the 3rd quarter. Bank of America Corp DE now owns 522,460 shares of the company’s stock worth $9,833,000 after buying an additional 125,986 shares during the period. GFS Advisors LLC purchased a new stake in Invesco DB US Dollar Index Bearish Fund during the 4th quarter worth $2,918,000. UBS Group AG lifted its holdings in Invesco DB US Dollar Index Bearish Fund by 29.9% in the 4th quarter. UBS Group AG now owns 140,684 shares of the company’s stock worth $2,566,000 after buying an additional 32,376 shares in the last quarter. Finally, L1 Global Manager Pty Ltd acquired a new position in Invesco DB US Dollar Index Bearish Fund in the 4th quarter worth $2,006,000.

About Invesco DB US Dollar Index Bearish Fund

PowerShares DB US Dollar Index Bearish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund’s subsidiary is DB US Dollar Index Bearish Master Fund (the Master Fund), which is a separate series of DB US Dollar Index Bearish Master Trust (the Master Trust). The Fund offers common units of beneficial interest only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.