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

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 15,018 shares, a growth of 176.2% from the December 15th total of 5,437 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 31,290 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 31,290 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.3% of the shares of the company are sold short.

Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.0%

NYSEARCA FXC opened at $70.35 on Wednesday. The firm’s 50-day simple moving average is $70.36 and its two-hundred day simple moving average is $70.56. Invesco CurrencyShares Canadian Dollar Trust has a 52 week low of $66.52 and a 52 week high of $72.21.

Invesco CurrencyShares Canadian Dollar Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were given a dividend of $0.0071 per share. The ex-dividend date was Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 0.1%.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several hedge funds have recently made changes to their positions in FXC. Geneos Wealth Management Inc. raised its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the 1st 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 during the period. Envestnet Asset Management Inc. purchased a new position in Invesco CurrencyShares Canadian Dollar Trust during the 3rd quarter valued at about $204,000. Fiduciary Financial Group LLC grew its holdings in Invesco CurrencyShares Canadian Dollar Trust by 5.1% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock valued at $237,000 after buying an additional 164 shares in the last quarter. MAI Capital Management increased its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% during the third quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock valued at $250,000 after buying an additional 3,550 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after buying an additional 2,366 shares in 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.