Invesco DB US Dollar Index Bullish Fund Sees Unusually High Options Volume (NYSEARCA:UUP)

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw some unusual options trading activity on Wednesday. Stock traders bought 8,606 put options on the company. This represents an increase of 189% compared to the typical volume of 2,978 put options.

Invesco DB US Dollar Index Bullish Fund Stock Down 1.2 %

NYSEARCA:UUP traded down $0.35 during trading hours on Wednesday, hitting $28.51. The stock had a trading volume of 1,114,989 shares, compared to its average volume of 1,609,128. The company has a 50 day simple moving average of $29.37 and a two-hundred day simple moving average of $29.19. Invesco DB US Dollar Index Bullish Fund has a one year low of $27.70 and a one year high of $30.69.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chapman Financial Group LLC bought a new stake in shares of Invesco DB US Dollar Index Bullish Fund during the 4th quarter valued at about $52,000. GeoWealth Management LLC bought a new position in shares of Invesco DB US Dollar Index Bullish Fund in the 4th quarter worth $84,000. Private Trust Co. NA grew its position in Invesco DB US Dollar Index Bullish Fund by 116.6% in the fourth quarter. Private Trust Co. NA now owns 7,025 shares of the exchange traded fund’s stock worth $207,000 after acquiring an additional 3,782 shares in the last quarter. Wells Fargo & Company MN increased its stake in Invesco DB US Dollar Index Bullish Fund by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 71,948 shares of the exchange traded fund’s stock valued at $2,117,000 after acquiring an additional 3,971 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Invesco DB US Dollar Index Bullish Fund by 3.2% during the fourth quarter. Bank of America Corp DE now owns 200,798 shares of the exchange traded fund’s stock valued at $5,907,000 after purchasing an additional 6,237 shares in the last quarter.

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.