Short Interest in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Grows By 38.1%

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 11,600 shares, an increase of 38.1% from the September 30th total of 8,400 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 26,700 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 26,700 shares, the short-interest ratio is currently 0.4 days. Approximately 0.9% of the company’s stock are sold short.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.3%

Shares of NYSEARCA FXC opened at $69.32 on Wednesday. The firm’s 50 day moving average price is $70.25 and its 200-day moving average price is $70.76. Invesco CurrencyShares Canadian Dollar Trust has a 52-week low of $66.52 and a 52-week high of $72.21.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after purchasing an additional 59,230 shares during the last quarter. Haven Private LLC purchased a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the second quarter valued at approximately $610,000. Bank of America Corp DE raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,366 shares during the last quarter. Fiduciary Financial Group LLC raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 5.1% during the third quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock valued at $237,000 after purchasing an additional 164 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the third quarter valued at approximately $204,000.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets.