Dollar Bull ETF Runs Out of Shares

Strong demand for an ETF that provides investors with bullish exposure to the dollar caused the fund to hit its authorized share limit according to the WSJ‘s Matt Phillips.

The PowerShares DB U.S. Dollar Index Bullish Fund (UUP) became popular after the dollar slide reversed course earlier this month and investors scrambled for products that provide bullish exposure to the dollar.

The fund’s manager has filed for approval to create up to 240 million additional shares.

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