Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Sees Large Drop in Short Interest

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 314,965 shares, a drop of 42.2% from the January 15th total of 544,785 shares. Approximately 7.3% of the shares of the company are sold short. Based on an average daily trading volume, of 256,340 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 256,340 shares, the days-to-cover ratio is presently 1.2 days. Approximately 7.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FXE. Tsfg LLC bought a new stake in shares of Invesco CurrencyShares Euro Trust in the third quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new stake in Invesco CurrencyShares Euro Trust in the 1st quarter worth about $25,000. Farther Finance Advisors LLC acquired a new stake in Invesco CurrencyShares Euro Trust in the 4th quarter worth about $27,000. Measured Wealth Private Client Group LLC bought a new stake in Invesco CurrencyShares Euro Trust in the 3rd quarter valued at about $90,000. Finally, Tortoise Investment Management LLC acquired a new position in shares of Invesco CurrencyShares Euro Trust during the 2nd quarter worth approximately $101,000.

Invesco CurrencyShares Euro Trust Trading Up 0.1%

FXE stock traded up $0.07 during mid-day trading on Friday, hitting $109.58. 140,723 shares of the company were exchanged, compared to its average volume of 155,261. Invesco CurrencyShares Euro Trust has a 1-year low of $95.72 and a 1-year high of $111.54. The stock has a market capitalization of $471.19 million, a PE ratio of -92.16 and a beta of 0.18. The business has a 50 day simple moving average of $108.51 and a 200-day simple moving average of $107.81.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a dividend of $0.0663 per share. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

Invesco CurrencyShares Euro Trust Company Profile

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