Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Short Interest Up 57.0% in March

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 32,739 shares, an increase of 57.0% from the February 26th total of 20,848 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 24,356 shares, the short-interest ratio is currently 1.3 days.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

Shares of NYSEARCA FXA traded down $0.05 during trading hours on Friday, reaching $68.10. The stock had a trading volume of 104,669 shares, compared to its average volume of 31,266. Invesco CurrencyShares Australian Dollar Trust has a twelve month low of $58.90 and a twelve month high of $71.17. The business’s fifty day moving average is $69.47 and its two-hundred day moving average is $66.75.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.0604 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Several institutional investors have recently made changes to their positions in FXA. Cibc World Market Inc. raised its position in Invesco CurrencyShares Australian Dollar Trust by 427.3% in the fourth quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock worth $6,170,000 after purchasing an additional 75,637 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 156.0% in the 2nd quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock worth $2,573,000 after purchasing an additional 24,043 shares during the last quarter. Cresset Asset Management LLC boosted its position in Invesco CurrencyShares Australian Dollar Trust by 10.7% in the third quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock valued at $5,717,000 after buying an additional 8,412 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter worth approximately $487,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the fourth quarter worth approximately $359,000.

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.