Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Price Cross Above Two Hundred Day Moving Average – Time to Sell?

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $70.61 and traded as high as $71.27. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.18, with a volume of 11,616 shares.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.2%

The business has a fifty day moving average of $70.22 and a 200-day moving average of $70.61.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after acquiring an additional 59,230 shares during the period. Ancora Advisors LLC purchased a new position in Invesco CurrencyShares Canadian Dollar Trust during the 1st quarter valued at $136,000. Geneos Wealth Management Inc. raised its holdings in Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 225 shares in the last quarter. Haven Private LLC purchased a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the 2nd quarter worth about $610,000. Finally, Bank of America Corp DE lifted its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 2,366 shares during the period.

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.