Deutsche Bank Dollar Bullish ETF Runs Out of Shares
Nov. 5 (Bloomberg) -- The PowerShares DB US Dollar Index Bullish Fund ran out of shares and trading of the security was halted for about 45 minutes amid increased bets that the currency will rebound.
The fund, also known by its UUP ticker symbol, rose 2.1 percent to $22.98 at 2:34 p.m. in New York, surging from $22.49 when trading was halted at 1:06 p.m. The U.S. Dollar Index, a six-currency gauge of the greenback, added 0.2 percent to 75.76. Its price is 3.3 times higher than the UUP, down from a ratio of 3.36 yesterday and a 28-month high of 3.38 on Oct. 19.
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