Short Interest in Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Increases By 115.6%

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 21,735 shares, a growth of 115.6% from the November 30th total of 10,081 shares. Based on an average daily trading volume, of 12,747 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.9% of the company’s stock are sold short. Currently, 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 12,747 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter worth approximately $33,000. Geneos Wealth Management Inc. increased its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% in the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 615 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% in the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 522 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter worth $83,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Invesco CurrencyShares Australian Dollar Trust during the third quarter valued at $203,000.

Invesco CurrencyShares Australian Dollar Trust Price Performance

Shares of Invesco CurrencyShares Australian Dollar Trust stock opened at $66.52 on Monday. Invesco CurrencyShares Australian Dollar Trust has a 1 year low of $58.90 and a 1 year high of $66.61. The stock has a 50-day moving average price of $65.00 and a 200 day moving average price of $64.83.

Invesco CurrencyShares Australian Dollar Trust Company Profile

Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.