Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF – Get Free Report) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 22,277 shares, a decrease of 24.0% from the February 12th total of 29,321 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 181,473 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 181,473 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.5% of the company’s shares are short sold.
Invesco CurrencyShares Swiss Franc Trust Stock Performance
FXF stock traded down $0.75 on Friday, reaching $111.58. The company’s stock had a trading volume of 149,571 shares, compared to its average volume of 163,734. The business has a fifty day simple moving average of $113.15 and a two-hundred day simple moving average of $111.65. Invesco CurrencyShares Swiss Franc Trust has a 12-month low of $100.22 and a 12-month high of $116.30.
Institutional Investors Weigh In On Invesco CurrencyShares Swiss Franc Trust
Institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin Edwards Inc. bought a new stake in Invesco CurrencyShares Swiss Franc Trust during the second quarter worth about $38,260,000. Hengehold Capital Management LLC lifted its holdings in shares of Invesco CurrencyShares Swiss Franc Trust by 1.8% during the third quarter. Hengehold Capital Management LLC now owns 101,345 shares of the company’s stock valued at $11,273,000 after purchasing an additional 1,751 shares during the last quarter. Avalon Capital Management lifted its holdings in shares of Invesco CurrencyShares Swiss Franc Trust by 440.9% during the fourth quarter. Avalon Capital Management now owns 83,796 shares of the company’s stock valued at $9,352,000 after purchasing an additional 68,305 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of Invesco CurrencyShares Swiss Franc Trust by 0.6% in the 3rd quarter. Cibc World Market Inc. now owns 78,463 shares of the company’s stock worth $8,727,000 after purchasing an additional 500 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Invesco CurrencyShares Swiss Franc Trust by 4.4% in the 3rd quarter. Raymond James Financial Inc. now owns 68,385 shares of the company’s stock worth $7,606,000 after purchasing an additional 2,859 shares in the last quarter.
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.
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