Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Sees Large Decrease in Short Interest

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 437,133 shares, a drop of 23.9% from the February 26th total of 574,611 shares. Based on an average daily volume of 277,471 shares, the short-interest ratio is presently 1.6 days. Currently, 10.2% of the company’s stock are sold short.

Invesco CurrencyShares Euro Trust Trading Up 0.6%

Invesco CurrencyShares Euro Trust stock traded up $0.66 during midday trading on Tuesday, hitting $106.45. The stock had a trading volume of 18,192 shares, compared to its average volume of 205,026. The stock has a market cap of $457.74 million, a P/E ratio of -92.16 and a beta of 0.18. Invesco CurrencyShares Euro Trust has a 12 month low of $99.53 and a 12 month high of $111.54. The business has a fifty day moving average price of $108.16 and a 200 day moving average price of $107.79.

Invesco CurrencyShares Euro Trust Increases Dividend

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

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

Several institutional investors and hedge funds have recently made changes to their positions in FXE. Nvwm LLC lifted its stake in Invesco CurrencyShares Euro Trust by 7.1% during the fourth quarter. Nvwm LLC now owns 1,425 shares of the exchange traded fund’s stock worth $155,000 after purchasing an additional 95 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Invesco CurrencyShares Euro Trust by 3.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,312 shares of the exchange traded fund’s stock worth $356,000 after purchasing an additional 98 shares during the period. Fiduciary Financial Group LLC raised its holdings in shares of Invesco CurrencyShares Euro Trust by 2.7% during the fourth quarter. Fiduciary Financial Group LLC now owns 3,812 shares of the exchange traded fund’s stock worth $413,000 after purchasing an additional 102 shares during the period. Haven Private LLC lifted its position in shares of Invesco CurrencyShares Euro Trust by 1.5% in the 3rd quarter. Haven Private LLC now owns 7,872 shares of the exchange traded fund’s stock worth $853,000 after buying an additional 114 shares during the last quarter. Finally, Tsfg LLC bought a new position in shares of Invesco CurrencyShares Euro Trust in the 3rd quarter worth about $25,000.

About Invesco CurrencyShares Euro Trust

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.