Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Sees Significant Growth in Short Interest

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 28,590 shares, a growth of 111.2% from the January 29th total of 13,534 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 66,128 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 66,128 shares, the short-interest ratio is presently 0.4 days. Currently, 2.6% of the shares of the company are sold short.

Invesco CurrencyShares Canadian Dollar Trust Stock Performance

Shares of NYSEARCA:FXC traded up $0.21 on Friday, reaching $71.62. 76,470 shares of the company’s stock were exchanged, compared to its average volume of 84,427. Invesco CurrencyShares Canadian Dollar Trust has a twelve month low of $67.20 and a twelve month high of $72.47. The company has a fifty day moving average of $71.26 and a 200-day moving average of $70.58.

Invesco CurrencyShares Canadian Dollar Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.0071 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 0.1%.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several large investors have recently modified their holdings of the stock. Fiduciary Financial Group LLC grew 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 worth $237,000 after purchasing an additional 164 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 225 shares during the period. Bank of America Corp DE increased 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 acquiring an additional 2,366 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the third quarter valued at $204,000. Finally, MAI Capital Management grew its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the third quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 3,550 shares during the period.

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. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.