Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Sees Significant Growth in Short Interest

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 574,611 shares, a growth of 73.3% from the February 12th total of 331,577 shares. Currently, 13.4% of the shares of the stock are short sold. Based on an average trading volume of 199,729 shares, the days-to-cover ratio is currently 2.9 days. Based on an average trading volume of 199,729 shares, the days-to-cover ratio is currently 2.9 days. Currently, 13.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in FXE. Tsfg LLC purchased a new stake in shares of Invesco CurrencyShares Euro Trust in the third quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Invesco CurrencyShares Euro Trust during the first quarter valued at $25,000. Farther Finance Advisors LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust during the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new position in Invesco CurrencyShares Euro Trust during the third quarter valued at $90,000. Finally, Tortoise Investment Management LLC purchased a new stake in Invesco CurrencyShares Euro Trust in the 2nd quarter worth about $101,000.

Invesco CurrencyShares Euro Trust Trading Down 0.8%

Shares of FXE opened at $105.39 on Friday. The business’s 50-day moving average price is $108.37 and its 200 day moving average price is $107.90. The stock has a market capitalization of $453.18 million, a P/E ratio of -92.16 and a beta of 0.18. Invesco CurrencyShares Euro Trust has a 1-year low of $99.25 and a 1-year high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a $0.0667 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 0.8%. This is a positive change from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

Invesco CurrencyShares Euro Trust Company Profile

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