Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF) Shares Shorted: Short Interest Down 47.1% in September

Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 15,173 shares, a decrease of 47.1% from the September 15th total of 28,666 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 34,772 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco CurrencyShares Swiss Franc Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Invesco CurrencyShares Swiss Franc Trust by 82.1% during the 1st quarter. Bank of America Corp DE now owns 27,739 shares of the company’s stock valued at $3,063,000 after purchasing an additional 12,504 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Invesco CurrencyShares Swiss Franc Trust in the first quarter worth about $126,000. Royal Bank of Canada boosted its position in shares of Invesco CurrencyShares Swiss Franc Trust by 33.1% during the 1st quarter. Royal Bank of Canada now owns 7,792 shares of the company’s stock valued at $860,000 after acquiring an additional 1,936 shares during the last quarter. Cetera Investment Advisers lifted its position in Invesco CurrencyShares Swiss Franc Trust by 52.2% during the first quarter. Cetera Investment Advisers now owns 4,259 shares of the company’s stock valued at $470,000 after purchasing an additional 1,461 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Invesco CurrencyShares Swiss Franc Trust by 23.5% in the 1st quarter. Fifth Third Bancorp now owns 1,852 shares of the company’s stock valued at $204,000 after acquiring an additional 352 shares during the last quarter.

Invesco CurrencyShares Swiss Franc Trust Price Performance

Shares of NYSEARCA FXF traded down $0.75 during midday trading on Wednesday, hitting $104.96. 2,311 shares of the company’s stock traded hands, compared to its average volume of 79,069. Invesco CurrencyShares Swiss Franc Trust has a 1 year low of $104.98 and a 1 year high of $116.30. The firm has a fifty day moving average of $107.80 and a 200 day moving average of $109.72.

Invesco CurrencyShares Swiss Franc Trust Company Profile

Guggenheim CurrencyShares Swiss Franc Trust, formerly CurrencyShares Swiss Franc Trust, is a grantor trust. The Trust issues shares (Shares) in blocks of 50,000 (Basket) in exchange for deposits of Swiss Francs and distributes Swiss Francs in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Swiss Franc plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are focused to offer investors an opportunity to participate in the market for the Swiss Franc through an investment in securities.