UUP Stock Summary and Trading Ideas (Invesco Db US Dollar Index Bullish | ARCA:UUP)

The Invesco DB US Dollar Index Bullish Fund (Symbol: UUP) seeks to track changes, whether positive or negative, in the level of the Deutsche Bank Long USD Currency Portfolio Index - Excess ReturnTM (DB Long USD Currency Portfolio Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost effective and convenient way to track the value of the U.S. dollar relative to a basket of the six major world currencies - the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc (collectively, the "Basket Currencies"). The Index is a rules-based index composed solely of long U.S. Dollar Index futures contracts that trade on the ICE futures exchange (USDX futures contracts). The USDX futures contract is designed to replicate the performance of being long the U.S. dollar against the Basket Currencies.

Invesco Db US Dollar Index Bullish trades on the ARCA stock market under the symbol UUP.

As of April 18, 2024, UUP stock price climbed to $28.90 with 823,615 million shares trading.

UUP has a beta of -0.21, meaning it tends to be less sensitive to market movements. UUP has a correlation of 0.18 to the broad based SPY ETF.

UUP has a market cap of $398.82 million. This is considered a Small Cap stock.

In the last 3 years, UUP stock traded as high as $30.76 and as low as $24.11.

UUP has underperformed the market in the last year with a return of +10.2%, while the SPY ETF gained +22.3%. In the last 3 month period, UUP fell short of the market, returning +4.3%, while SPY returned +6.1%. However, in the most recent 2 weeks UUP has outperformed the stock market by returning +2.1%, while SPY returned -3.8%.

UUP support price is $28.73 and resistance is $28.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UUP stock will trade within this expected range on the day.