Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) Stock Price Up 0.2% – Time to Buy?

Invesco DB US Dollar Index Bearish Fund (NYSEARCA:UDN) shot up 0.2% on Friday . The company traded as high as $18.52 and last traded at $18.49. 228,234 shares were traded during mid-day trading, an increase of 15% from the average session volume of 197,612 shares. The stock had previously closed at $18.45.

Invesco DB US Dollar Index Bearish Fund Price Performance

The stock has a fifty day simple moving average of $18.69 and a two-hundred day simple moving average of $18.60.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in Invesco DB US Dollar Index Bearish Fund by 33.9% during the third quarter. HighTower Advisors LLC now owns 570,849 shares of the company’s stock valued at $10,743,000 after buying an additional 144,616 shares in the last quarter. Bank of America Corp DE increased its stake in Invesco DB US Dollar Index Bearish Fund by 274.4% during the second quarter. Bank of America Corp DE now owns 396,474 shares of the company’s stock valued at $7,497,000 after purchasing an additional 290,591 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Invesco DB US Dollar Index Bearish Fund during the second quarter worth $4,747,000. Osaic Holdings Inc. raised its holdings in shares of Invesco DB US Dollar Index Bearish Fund by 35,327.0% during the second quarter. Osaic Holdings Inc. now owns 35,427 shares of the company’s stock worth $670,000 after purchasing an additional 35,327 shares during the period. Finally, Solstein Capital LLC bought a new position in shares of Invesco DB US Dollar Index Bearish Fund in the 2nd quarter worth about $621,000.

Invesco DB US Dollar Index Bearish Fund Company Profile

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).