In today’s session PowerShares DB US Dollar Index Bullish (UUP) registered an unusually high (29,206) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious UUP increase. With 29,206 contracts traded and 104664 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: UUP170317C00026000 closed last at: $0.45 or 36.4% up. PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) has risen 5.16% since April 14, 2016 and is uptrending. It has outperformed by 0.47% 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 Fundâ€™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: “Is The U.S. Dollar In A New Bull Market?” on November 15, 2016, also Etfdailynews.com with their article: “Is It Time To Short The U.S. Dollar?” published on November 07, 2016, Etfdailynews.com published: “Dollar Continues Gains Against Yuan, Despite Predictions to the Contrary” on October 18, 2016. More interesting news about PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) were released by: Etfdailynews.com and their article: “Traders Are Hedging Against A Weaker Dollar And Financials” published on November 08, 2016 as well as Etfdailynews.com‘s news article titled: “Trading Opportunities Abound in the Currency ETF Space” with publication date: October 11, 2016.
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