Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 25,495 shares, a decrease of 70.8% from the September 15th total of 87,436 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 35,100 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust
An institutional investor recently raised its position in Invesco CurrencyShares Canadian Dollar Trust stock. Bank of America Corp DE raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Free Report) by 38.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,702 shares of the exchange traded fund’s stock after purchasing an additional 1,311 shares during the period. Bank of America Corp DE owned 0.43% of Invesco CurrencyShares Canadian Dollar Trust worth $330,000 as of its most recent SEC filing.
Invesco CurrencyShares Canadian Dollar Trust Stock Performance
Invesco CurrencyShares Canadian Dollar Trust stock traded down $0.08 on Monday, hitting $68.41. 12,853 shares of the stock traded hands, compared to its average volume of 41,703. The business’s fifty day simple moving average is $69.90 and its 200 day simple moving average is $70.11. Invesco CurrencyShares Canadian Dollar Trust has a 1 year low of $68.38 and a 1 year high of $72.47.
About Invesco CurrencyShares Canadian Dollar Trust
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.
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