Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Sees Large Growth in Short Interest

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 324,111 shares, an increase of 188.8% from the June 30th total of 112,217 shares. Based on an average trading volume of 61,757 shares, the short-interest ratio is presently 5.2 days. Approximately 54.0% of the shares of the company are short sold.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.2%

Shares of NYSEARCA:FXB traded down $0.20 during trading on Monday, hitting $127.90. 4,298 shares of the company traded hands, compared to its average volume of 26,925. The business’s fifty day moving average is $128.50 and its 200-day moving average is $129.21. Invesco CurrencyShares British Pound Sterling Trust has a one year low of $125.02 and a one year high of $133.11.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were given a dividend of $0.2154 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 2.0%.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Invesco CurrencyShares British Pound Sterling Trust by 6.9% in the 1st quarter. Royal Bank of Canada now owns 5,046 shares of the exchange traded fund’s stock worth $643,000 after purchasing an additional 325 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth approximately $52,000. Dunhill Financial LLC grew its holdings in Invesco CurrencyShares British Pound Sterling Trust by 225.0% in the 4th quarter. Dunhill Financial LLC now owns 585 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 405 shares in the last quarter. Klingenstein Fields & Co. LP grew its holdings in Invesco CurrencyShares British Pound Sterling Trust by 20.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,800 shares of the exchange traded fund’s stock worth $623,000 after buying an additional 800 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Invesco CurrencyShares British Pound Sterling Trust by 30.8% in the 1st quarter. Bank of America Corp DE now owns 3,542 shares of the exchange traded fund’s stock valued at $451,000 after acquiring an additional 835 shares during the period.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

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