PowerShares DB US Dollar Index Bullish Is a Buy; Strong Momentum from Option Traders

 PowerShares DB US Dollar Index Bullish Is a Buy; Strong Momentum from Option Traders

In today’s session PowerShares DB US Dollar Index Bullish (UUP) registered an unusually high (260) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious UUP increase. With 260 contracts traded and 54404 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: UUP180119C00025000 closed last at: $1.84 or 7% up. PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) has risen 6.80% since April 25, 2016 and is uptrending. It has outperformed by 0.78% 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: “Here’s Why The U.S. Dollar Keeps Rising” on November 27, 2016, also Etfdailynews.com with their article: “U.S. Dollar Hits 13-Year Highs, Despite Commodity Rally” published on November 24, 2016, Etfdailynews.com published: “Is The U.S. Dollar In A New Bull Market?” on November 15, 2016. More interesting news about PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) were released by: Etfdailynews.com and their article: “The Dollar Crash Is Coming” published on November 16, 2016 as well as Etfdailynews.com‘s news article titled: “Is It Time To Short The U.S. Dollar?” with publication date: November 07, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment