Stock Traders Purchase Large Volume of Put Options on Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP)

Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) saw some unusual options trading on Tuesday. Traders purchased 10,075 put options on the stock. This is an increase of approximately 318% compared to the typical volume of 2,409 put options.

Invesco DB US Dollar Index Bullish Fund Stock Performance

Shares of UUP traded down $0.01 during trading hours on Thursday, reaching $29.61. 552,972 shares of the company’s stock traded hands, compared to its average volume of 2,242,972. Invesco DB US Dollar Index Bullish Fund has a 12 month low of $27.56 and a 12 month high of $30.69. The firm’s 50 day simple moving average is $29.85 and its 200-day simple moving average is $29.06.

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

A number of institutional investors and hedge funds have recently bought and sold shares of UUP. Empowered Funds LLC purchased a new position in shares of Invesco DB US Dollar Index Bullish Fund during the third quarter worth approximately $3,627,000. Envestnet Asset Management Inc. increased its holdings in Invesco DB US Dollar Index Bullish Fund by 182.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 108,853 shares of the exchange traded fund’s stock valued at $3,171,000 after purchasing an additional 70,285 shares during the period. Flow Traders U.S. LLC lifted its holdings in Invesco DB US Dollar Index Bullish Fund by 505.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 74,410 shares of the exchange traded fund’s stock worth $2,097,000 after buying an additional 62,124 shares during the period. Cetera Investment Advisers lifted its holdings in Invesco DB US Dollar Index Bullish Fund by 66.7% in the 2nd quarter. Cetera Investment Advisers now owns 113,562 shares of the exchange traded fund’s stock worth $3,308,000 after buying an additional 45,456 shares during the period. Finally, Raffles Associates LP bought a new stake in shares of Invesco DB US Dollar Index Bullish Fund in the 3rd quarter worth approximately $1,127,000.

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.