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

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.03 and traded as high as $29.66. Invesco DB US Dollar Index Bullish Fund shares last traded at $29.61, with a volume of 2,158,497 shares traded.

Invesco DB US Dollar Index Bullish Fund Stock Performance

The business has a 50-day moving average of $29.81 and a two-hundred day moving average of $29.03.

Institutional Trading of Invesco DB US Dollar Index Bullish Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Truist Financial Corp boosted its stake in Invesco DB US Dollar Index Bullish Fund by 5.5% in the 2nd quarter. Truist Financial Corp now owns 10,333 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 538 shares in the last quarter. Focus Financial Network Inc. lifted its stake in shares of Invesco DB US Dollar Index Bullish Fund by 2.8% during the third quarter. Focus Financial Network Inc. now owns 12,593 shares of the exchange traded fund’s stock worth $355,000 after buying an additional 345 shares during the period. Good Life Advisors LLC grew its holdings in shares of Invesco DB US Dollar Index Bullish Fund by 64.9% during the third quarter. Good Life Advisors LLC now owns 20,504 shares of the exchange traded fund’s stock valued at $578,000 after buying an additional 8,069 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the second quarter valued at $826,000. Finally, Raffles Associates LP purchased a new position in Invesco DB US Dollar Index Bullish Fund in the 3rd quarter worth $1,127,000.

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.