Invesco DB US Dollar Index Bullish Fund

An ETF tracking the US dollar's value against major currencies for bullish investors.

UUP | NYSE

Overview

Corporate Details

ISIN(s):: N/A
LEI:
Country:: United States of America
Address:: 3500 LACEY ROAD, 60515 DOWNERS GROVE
Website:: https://www.invesco.com/us/en/financial-products/etfs/invesco-db-us-dollar-index-bullish-fund.html
Sector:: Mining and quarrying
Industry:: Extraction of natural gas

Description

The Invesco DB US Dollar Index Bullish Fund (UUP) is an exchange-traded fund (ETF) designed to provide investors with a cost-effective and convenient way to track the value of the U.S. dollar relative to a basket of six major world currencies. The fund seeks to replicate, whether positive or negative, the performance of the ICE U.S. Dollar Index® (USDX®). It achieves this objective by investing in and holding long positions in U.S. Dollar Index futures contracts. As a result, the fund is structured for investors with a bullish view on the U.S. dollar, as its value is expected to increase when the dollar strengthens against the basket of foreign currencies and decrease when the dollar weakens.

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