PowerShares DB US Dollar Index Bullish’s Stock Is Buy After Today’s Bullish Options Activity

 PowerShares DB US Dollar Index Bullish's Stock Is Buy After Today's Bullish Options Activity

In today’s session PowerShares DB US Dollar Index Bullish (UUP) registered an unusually high (921) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious UUP increase. With 921 contracts traded and 66364 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: UUP161216C00024000 closed last at: $1.07 or 12.6% up. PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) has declined 0.95% since March 7, 2016 and is downtrending. It has underperformed by 8.54% the S&P500.

PowerShares DB US Dollar Index Bullish Fund is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The company has a market cap of $816.48 million. 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. It currently has negative earnings. The Fund seeks to track the Index by establishing long positions in DX Contracts accordingly.

UUP 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’s subsidiary is DB US Dollar Index Bullish Master Fund (the Master Fund), a separate series of DB US Dollar Index Bullish Master Trust (the Master Trust). The Fund offers common units of beneficial interest (the Shares) only to certain eligible financial institutions (the Authorized Participants) in one or more blocks of 200,000 Shares, called a Basket. The proceeds from the offering of Shares are invested in the Master Fund.

More notable recent PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) news were published by: Benzinga.com which released: “Gartman: The U.S. Dollar Is Falling Across The Board, And That’s Rare” on April 08, 2016, also Etfdailynews.com with their article: “Why Investors Should Avoid The Dollar ETF [PowerShares DB US Dollar Index …” published on March 06, 2015, Investorplace.com published: “Make a Play on the Mighty U.S. Dollar (UUP)” on July 02, 2015. More interesting news about PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) were released by: Benzinga.com and their article: “Whether It’s Clinton Or Trump, The Dollar Could Be In Trouble” published on June 21, 2016 as well as Etfdailynews.com‘s news article titled: “Everyone is a Forex Investor, Whether They Want to be or Not” with publication date: July 22, 2016.

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