Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Update

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 144,071 shares, an increase of 207.3% from the June 15th total of 46,877 shares. Currently, 13.1% of the company’s stock are short sold. Based on an average daily volume of 29,851 shares, the days-to-cover ratio is presently 4.8 days.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

Shares of NYSEARCA FXC traded up $0.05 on Wednesday, reaching $69.49. 1,616 shares of the company’s stock traded hands, compared to its average volume of 46,850. The business’s 50 day simple moving average is $70.02 and its two-hundred day simple moving average is $70.79. Invesco CurrencyShares Canadian Dollar Trust has a 12 month low of $68.64 and a 12 month high of $72.47.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were given a dividend of $0.0066 per share. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 225 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco CurrencyShares Canadian Dollar Trust by 38.7% in the 1st quarter. Bank of America Corp DE now owns 4,702 shares of the exchange traded fund’s stock worth $330,000 after buying an additional 1,311 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 3rd quarter worth about $204,000. Charles Schwab Trust Co purchased a new position in Invesco CurrencyShares Canadian Dollar Trust in the 2nd quarter worth about $345,000. Finally, Ashton Thomas Private Wealth LLC raised its position in Invesco CurrencyShares Canadian Dollar Trust by 17.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock worth $2,442,000 after buying an additional 5,176 shares during the last quarter.

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.