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UUP

27.44000 USD
0.18
0.66%
Last update Jun 3, 3:59 PM EDT
Market closed
Day range
27.38000
27.45000
Previous close
27.26000
Open
27.41000
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Invesco DB US Dollar Index Bullish Fund
27.44
0.18
0.66%

Overview

Description

The Invesco DB US Dollar Index Bullish Fund is an exchange-traded fund (ETF) that primarily seeks to track the performance of the U.S. dollar relative to a basket of foreign currencies. This fund is designed to reflect the value of the U.S. dollar compared to six major world currencies, effectively offering investors exposure to the dollar's strength in global markets. The U.S. dollar, serving as a dominant reserve currency, plays a crucial role in international trade and finance. By investing in this fund, participants aim to capitalize on bullish movements in the U.S. dollar index, which measures the dollar's performance against counterparts such as the euro, Japanese yen, and British pound, among others. The Invesco DB US Dollar Index Bullish Fund is integral in foreign currency hedging strategies, offering a means for investors to manage risk associated with currency fluctuations. It holds significance for those looking to hedge against potential downturns in foreign assets when the dollar strengthens due to factors like interest rate changes or economic growth. As such, it finds relevance among investors seeking to diversify their portfolios with currency-focused instruments.

About

Address
Phone
800-983-0903
Website
Instrument type
ETF
Country
United States
MIC code
ARCX
Market closed

Exchange is currently closed
Pre-market opens in 2 hours 36 minutes

01:23
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).