Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF – Get Free Report) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 44,128 shares, a drop of 33.7% from the December 31st total of 66,572 shares. Based on an average daily trading volume, of 73,624 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 73,624 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Investors Weigh In On Invesco CurrencyShares Swiss Franc Trust
Hedge funds and other institutional investors have recently made changes to their positions in the company. NBT Bank N A NY bought a new position in shares of Invesco CurrencyShares Swiss Franc Trust in the 4th quarter valued at approximately $28,000. National Bank of Canada FI raised its stake in Invesco CurrencyShares Swiss Franc Trust by 16.9% during the third quarter. National Bank of Canada FI now owns 1,100 shares of the company’s stock worth $122,000 after acquiring an additional 159 shares in the last quarter. Nvwm LLC bought a new position in shares of Invesco CurrencyShares Swiss Franc Trust in the second quarter valued at approximately $131,000. North Capital Inc. bought a new position in shares of Invesco CurrencyShares Swiss Franc Trust in the third quarter valued at about $150,000. Finally, Cerity Partners LLC acquired a new stake in shares of Invesco CurrencyShares Swiss Franc Trust in the second quarter valued at approximately $205,000.
Invesco CurrencyShares Swiss Franc Trust Stock Down 0.9%
Invesco CurrencyShares Swiss Franc Trust stock traded down $1.03 during mid-day trading on Friday, hitting $114.40. 193,885 shares of the company’s stock traded hands, compared to its average volume of 157,509. The firm has a 50 day moving average price of $111.32 and a 200 day moving average price of $110.86. Invesco CurrencyShares Swiss Franc Trust has a one year low of $96.99 and a one year high of $116.30.
About Invesco CurrencyShares Swiss Franc Trust
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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