Short Interest in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Expands By 169.1%

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 40,416 shares, a growth of 169.1% from the December 31st total of 15,018 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily volume of 91,511 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 91,511 shares, the short-interest ratio is currently 0.4 days. Approximately 3.7% of the company’s stock are short sold.

Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.9%

Shares of Invesco CurrencyShares Canadian Dollar Trust stock traded down $0.66 on Friday, hitting $71.79. The stock had a trading volume of 148,702 shares, compared to its average volume of 79,945. The company’s 50 day moving average price is $70.75 and its 200 day moving average price is $70.52. Invesco CurrencyShares Canadian Dollar Trust has a 52-week low of $66.52 and a 52-week high of $72.47.

Invesco CurrencyShares Canadian Dollar Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.0071 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 0.1%.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FXC. Royal Bank of Canada grew its holdings in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the 1st 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 last quarter. Virtu Financial LLC boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the third quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock worth $1,557,000 after purchasing an additional 13,741 shares in the last quarter. Haven Private LLC acquired a new position in Invesco CurrencyShares Canadian Dollar Trust during the 2nd quarter worth about $610,000. Ashton Thomas Private Wealth LLC grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 17.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock valued at $2,442,000 after purchasing an additional 5,176 shares during the last quarter. Finally, MAI Capital Management boosted its position in Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock valued at $250,000 after buying an additional 3,550 shares during the last quarter.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.