Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Sees Large Growth in Short Interest

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 574,611 shares, an increase of 73.3% from the February 12th total of 331,577 shares. Currently, 13.4% of the shares of the company are sold short. Based on an average trading volume of 199,729 shares, the short-interest ratio is currently 2.9 days. Based on an average trading volume of 199,729 shares, the short-interest ratio is currently 2.9 days. Currently, 13.4% of the shares of the company are sold short.

Invesco CurrencyShares Euro Trust Trading Down 0.6%

Shares of FXE traded down $0.65 on Friday, reaching $105.60. 158,499 shares of the company’s stock traded hands, compared to its average volume of 185,534. The stock’s 50 day simple moving average is $108.43 and its two-hundred day simple moving average is $107.91. The stock has a market cap of $454.06 million, a PE ratio of -92.16 and a beta of 0.18. Invesco CurrencyShares Euro Trust has a 52-week low of $99.25 and a 52-week high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0667 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.8%. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in FXE. Compound Planning Inc. purchased a new stake in Invesco CurrencyShares Euro Trust during the fourth quarter worth about $215,000. Osaic Holdings Inc. raised its stake in shares of Invesco CurrencyShares Euro Trust by 33.8% in the fourth quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock valued at $130,000 after buying an additional 303 shares during the period. Advisory Services Network LLC raised its stake in shares of Invesco CurrencyShares Euro Trust by 4.7% in the fourth quarter. Advisory Services Network LLC now owns 46,880 shares of the exchange traded fund’s stock valued at $5,084,000 after buying an additional 2,123 shares during the period. Royal Bank of Canada lifted its position in shares of Invesco CurrencyShares Euro Trust by 176.3% during the 4th quarter. Royal Bank of Canada now owns 10,299 shares of the exchange traded fund’s stock valued at $1,117,000 after buying an additional 6,571 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in shares of Invesco CurrencyShares Euro Trust during the 4th quarter worth $1,253,000.

Invesco CurrencyShares Euro Trust Company Profile

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.