UUP Isn't in the Cellar Any Longer. ...IEF is. I devised a way to put money to work backing the dollar early this morning. As of the close 20% pf the portfolio is in UUP. As the dollar reversed this afternoon it did exactly what a death star should do...suck in the asset values of all the other assets in the world. Given the dollar is #9 it still has a long, long ways to run.