Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Update

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 144,071 shares, a growth of 207.3% from the June 15th total of 46,877 shares. Based on an average trading volume of 29,851 shares, the short-interest ratio is presently 4.8 days. Approximately 13.1% of the shares of the company are short sold.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.1%

Shares of FXC stock traded down $0.04 during trading hours on Monday, hitting $69.00. 118,543 shares of the company were exchanged, compared to its average volume of 47,316. The firm has a fifty day simple moving average of $70.12 and a 200 day simple moving average of $70.82. Invesco CurrencyShares Canadian Dollar Trust has a 52-week low of $68.64 and a 52-week high of $72.47.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.0066 per share. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust

Several hedge funds have recently made changes to their positions in FXC. Royal Bank of Canada raised its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after buying an additional 59,230 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in Invesco CurrencyShares Canadian Dollar Trust by 17.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock worth $2,442,000 after acquiring an additional 5,176 shares during the last quarter. Virtu Financial LLC increased its holdings in Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the 3rd quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock worth $1,557,000 after acquiring an additional 13,741 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 4th quarter valued at about $854,000. Finally, Bank of America Corp DE lifted its holdings in Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,366 shares during the last quarter.

About Invesco CurrencyShares Canadian Dollar Trust

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.