What does UUP stand for?
UUP | A complete Invesco DB US Dollar Index Bullish Fund exchange traded fund overview by MarketWatch. View the latest ETF prices and news for better ETF investing. UUP | A complete Invesco DB US Dollar Index Bullish Fund exchange traded fund overview by MarketWatch.
Where can I buy shares of UUP?
Shares of UUP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
Should you invest in the UUP fund?
Structured as a commodities pool, UUP distributes K-1s and is marked-to-market at year-end. It's an undeniably expensive fund, with high fees for its segment, but its strong liquidity and interesting exposure land UUP on our Opportunities List.
How does the UUP work?
UUP tracks the changes in value of the US dollar relative to a basket of world currencies via USDX future contracts. UUP goes long the US dollar and shorts the currencies of major US trading partners using USDX futures. Specifically, the fund is shorting the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
What is the etf UUP?
The UUP Exchange Traded Fund (ETF) is provided by Invesco. This ETF provides exposure to Currencies. It is built to track an index: Deutsche Bank US Dollar Long Future Excess Return Index - USD.
Is UUP a good investment?
The combination of UUP with relatively low volatility historically with the potential to gain when risk assets sell-off makes it a good defensive option during times of increasing market volatility.
What is invesco db US dollar Index bullish Fund?
The Invesco DB US Dollar Index Bullish (Fund) seeks to track changes, whether positive or negative, in the level of the Deutsche Bank Long USD Currency Portfolio Index - Excess ReturnTM (DB Long USD Currency Portfolio Index ER or Index) plus the interest income from the Fund's holdings of primarily US Treasury ...
Is UUP a good ETF?
This fund could be appropriate for investors seeking to a fund that is inversely correlated to the broad stock market or for those making a bet on a flight to quality. For investors seeking exposure to the dollar against a broad range of developed market currencies, UUP is one of the best choices out there.
Is there an ETF that tracks the U.S. dollar?
Long U.S. Dollar ETFs seek to profit from the rising U.S. dollar (USD) against a basket of other developed-market international currencies. These include the yen, loonie, aussie, pound, franc and euro. The funds will own a variety of futures contracts and swaps to accomplish this goal.
How do I invest in the dollar index?
Perhaps the simplest way to invest in the USDX is through an ETF that provides broad exposure to the dollar against several different foreign securities, like the USDX does. A few top choices are the WisdomTree Bloomberg US Dollar Bullish ETF (USDU) and the Invesco DB US Dollar Index Bullish Fund (UUP).
What is the symbol for the US dollar index?
DXYU.S. Dollar Index (DXY)
Who are Invesco DB US Dollar Index Bullish Fund's key executives?
Invesco DB US Dollar Index Bullish Fund's management team includes the following people: Martin Kremenstein , Chief Executive Officer, Chief Inve...
Who are some of Invesco DB US Dollar Index Bullish Fund's key competitors?
Some companies that are related to Invesco DB US Dollar Index Bullish Fund include SPDR Gold MiniShares Trust (GLDM) , Invesco DB Agriculture Fun...
What other stocks do shareholders of Invesco DB US Dollar Index Bullish Fund own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Invesco DB US Dollar Index Bullish Fund investors own inclu...
What is Invesco DB US Dollar Index Bullish Fund's stock symbol?
Invesco DB US Dollar Index Bullish Fund trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "UUP."
Who are Invesco DB US Dollar Index Bullish Fund's major shareholders?
Invesco DB US Dollar Index Bullish Fund's stock is owned by many different institutional and retail investors. Top institutional shareholders inclu...
Which major investors are selling Invesco DB US Dollar Index Bullish Fund stock?
UUP stock was sold by a variety of institutional investors in the last quarter, including Simplex Trading LLC, IndexIQ Advisors LLC, JPMorgan Chase...
Which major investors are buying Invesco DB US Dollar Index Bullish Fund stock?
UUP stock was bought by a variety of institutional investors in the last quarter, including Citigroup Inc., HighTower Advisors LLC, Lake Hills Weal...
How do I buy shares of Invesco DB US Dollar Index Bullish Fund?
Shares of UUP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull...
What is Invesco DB US Dollar Index Bullish Fund's stock price today?
One share of UUP stock can currently be purchased for approximately $27.54.
Component Grades
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Invesco DB USD Index Bullish Fund ETF (UUP) ETF Bio
The investment objective of the Invesco DB USD Index Bullish Fund ETF seeks to track the price and yield performance of the Deutsche Bank Long US Dollar Futures index.
Signals & Forecast
Mostly positive signals in the chart today. The PowerShares DB US Dollar Bullish ETF holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Support, Risk & Stop-loss
PowerShares DB US Dollar Bullish finds support from accumulated volume at $25.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is PowerShares DB US Dollar Bullish ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PowerShares DB US Dollar Bullish ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.