Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Short Interest Update

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 21,597 shares, a growth of 26.2% from the December 31st total of 17,119 shares. Based on an average daily trading volume, of 13,308 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.7% of the company’s shares are short sold. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 13,308 shares, the days-to-cover ratio is currently 1.6 days.

Invesco CurrencyShares Australian Dollar Trust Price Performance

Shares of Invesco CurrencyShares Australian Dollar Trust stock traded up $0.71 during trading on Tuesday, hitting $69.52. 29,428 shares of the company were exchanged, compared to its average volume of 32,874. Invesco CurrencyShares Australian Dollar Trust has a 1-year low of $58.90 and a 1-year high of $70.15. The firm’s fifty day moving average price is $66.39 and its 200 day moving average price is $65.29.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 6th. Shareholders of record on Monday, February 2nd will be paid a $0.0549 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This is a boost from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 0.9%.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter worth $33,000. Geneos Wealth Management Inc. increased its holdings 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 in the last quarter. Bank of America Corp DE raised its position in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% during the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 522 shares during the period. Clearstead Advisors LLC acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter worth about $83,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter valued at about $203,000.

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.