Short Interest in Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Decreases By 76.7%

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 21,676 shares, a decrease of 76.7% from the January 29th total of 93,143 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 34,877 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 34,877 shares, the short-interest ratio is currently 0.6 days. Approximately 1.5% of the shares of the company are sold short.

Invesco CurrencyShares Australian Dollar Trust Price Performance

NYSEARCA FXA traded down $0.07 on Thursday, reaching $70.46. 18,353 shares of the stock were exchanged, compared to its average volume of 31,081. Invesco CurrencyShares Australian Dollar Trust has a one year low of $58.90 and a one year high of $70.71. The company’s 50-day simple moving average is $67.94 and its two-hundred day simple moving average is $65.93.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FXA. Bank of Montreal Can purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter valued at $369,000. Haven Private LLC bought a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter valued at about $605,000. Envestnet Asset Management Inc. bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter valued at approximately $203,000. Bank of America Corp DE lifted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% in the 3rd quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 522 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% during the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 615 shares during the period.

About Invesco CurrencyShares Australian Dollar Trust

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.