Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Short Interest Update

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 552,161 shares, a drop of 45.4% from the May 31st total of 1,011,195 shares. Approximately 13.5% of the company’s shares are short sold. Based on an average trading volume of 401,182 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new position in Invesco CurrencyShares Euro Trust during the first quarter valued at approximately $25,000. Farther Finance Advisors LLC bought a new stake in shares of Invesco CurrencyShares Euro Trust during the 4th quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new position in Invesco CurrencyShares Euro Trust in the 3rd quarter valued at $90,000. Kestra Advisory Services LLC acquired a new position in Invesco CurrencyShares Euro Trust in the 4th quarter valued at $110,000. Finally, Osaic Holdings Inc. raised its holdings in Invesco CurrencyShares Euro Trust by 33.8% in the 4th quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock worth $130,000 after acquiring an additional 303 shares during the period.

Invesco CurrencyShares Euro Trust Stock Performance

Shares of NYSEARCA:FXE traded down $0.49 during mid-day trading on Wednesday, hitting $104.95. The stock had a trading volume of 30,915 shares, compared to its average volume of 204,435. The company’s 50 day moving average is $107.03 and its 200-day moving average is $107.70. Invesco CurrencyShares Euro Trust has a 12-month low of $104.60 and a 12-month high of $111.54. The company has a market cap of $393.56 million, a PE ratio of -92.16 and a beta of 0.17.

Invesco CurrencyShares Euro Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st will be issued a $0.0701 dividend. The ex-dividend date is Wednesday, July 1st. This is an increase from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%.

About Invesco CurrencyShares Euro Trust

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.