Invesco DB US Dollar Index Bullish Fund (UUP)
Invesco DB US Dollar Index Bullish Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $28.20, up 0.21% on the session, giving a market capitalisation of $399.1M. Its beta of -0.19 implies it has historically moved less than the broad market.
The Invesco DB US Dollar Index Bullish Fund (UUP) aims to replicate the performance, whether positive or negative, of the Deutsche Bank Long USD Currency Portfolio Index - Excess Return (DB Long USD Currency Portfolio Index ER or Index). This objective is achieved by incorporating income generated from the Fund's primary holdings in U.S. Treasury securities and money market instruments, while accounting for its operational expenses. This Fund offers a straightforward and cost-effective method for investors to monitor the U.S. dollar's value relative to a group of six major global currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The underlying Index is a rules-based construct, comprised exclusively of long U.S. Dollar Index futures contracts traded on the ICE futures exchange. These USDX futures contracts are specifically engineered to reflect the performance of a long position in the U.S. dollar against the aforementioned basket of currencies. However, given the speculative nature of its trading activities within highly volatile markets, this Fund may not be appropriate for all investors. The inherent volatility of futures contracts means that frequent and significant fluctuations in market prices could result in substantial financial losses. For further details on risks, please refer to the "Risk and Other Information" section and the complete Prospectus. For qualified notices concerning IRS Section 1446(f) Rule for Publicly Traded Partnerships (PTPs), and the Form 1065 Schedule K-3 FAQ for Invesco DB Funds (under the Securities Act of 1933), please visit our dedicated ETF tax center.
Invesco DB US Dollar Index Bullish Fund is most often compared with the following Financial Services names: