Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Short Interest Down 76.7% in February

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 21,676 shares, a decline of 76.7% from the January 29th total of 93,143 shares. Based on an average daily trading volume, of 34,877 shares, the short-interest ratio is presently 0.6 days. Currently, 1.5% of the shares of the company are sold short. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 34,877 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FXA. Bank of Montreal Can purchased a new position in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter worth approximately $369,000. Haven Private LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at $605,000. Jane Street Group LLC increased its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 156.0% in the second quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock worth $2,573,000 after acquiring an additional 24,043 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% in the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 522 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% during the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 615 shares during the last quarter.

Invesco CurrencyShares Australian Dollar Trust Price Performance

Shares of FXA traded up $0.07 during trading hours on Friday, reaching $70.53. 30,942 shares of the company traded hands, compared to its average volume of 31,140. The business has a fifty day moving average price of $68.14 and a 200-day moving average price of $66.00. Invesco CurrencyShares Australian Dollar Trust has a 12-month low of $58.90 and a 12-month high of $70.71.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0549 per share. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, February 2nd. This is a boost from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05.

Invesco CurrencyShares Australian Dollar Trust Company Profile

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.