Today PowerShares DB US Dollar Index Bullish Had High Bullish Options Activity

 Today PowerShares DB US Dollar Index Bullish Had High Bullish Options Activity

In today’s session PowerShares DB US Dollar Index Bullish (UUP) registered an unusually high (7,824) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious UUP increase. With 7,824 contracts traded and 788134 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: UUP170120C00026000 closed last at: $0.22 or 10% up. PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) has risen 3.04% since March 29, 2016 and is uptrending. It has underperformed by 0.43% 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: Etfdailynews.com which released: “Dollar Continues Gains Against Yuan, Despite Predictions to the Contrary” on October 18, 2016, also Etfdailynews.com with their article: “Trading Opportunities Abound in the Currency ETF Space” published on October 11, 2016, Etftrends.com published: “PowerShares Halts Creations in 11 ETFs, Including US Dollar Funds” on February 25, 2015. More interesting news about PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) were released by: Benzinga.com and their article: “Gartman: The U.S. Dollar Is Falling Across The Board, And That’s Rare” published on April 08, 2016 as well as Investorplace.com‘s news article titled: “Make a Play on the Mighty U.S. Dollar (UUP)” with publication date: July 02, 2015.

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