Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Sees Large Decrease in Short Interest

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 17,119 shares, a drop of 21.2% from the December 15th total of 21,735 shares. Based on an average trading volume of 17,251 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.3% of the company’s shares are short sold. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 17,251 shares, the days-to-cover ratio is presently 1.0 days.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

NYSEARCA:FXA traded down $0.11 on Friday, hitting $66.21. 11,652 shares of the stock were exchanged, compared to its average volume of 13,114. The stock has a fifty day moving average of $65.53 and a 200-day moving average of $65.02. Invesco CurrencyShares Australian Dollar Trust has a fifty-two week low of $58.90 and a fifty-two week high of $66.77.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a dividend of $0.0524 per share. This is a boost from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 0.9%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FXA. Raymond James Financial Inc. purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter worth $33,000. Geneos Wealth Management Inc. grew its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% during the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 615 shares in the last quarter. Bank of America Corp DE increased its position in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% during the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 522 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter worth about $83,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the third quarter worth about $203,000.

About Invesco CurrencyShares Australian Dollar Trust

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