Short Interest in Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Declines By 41.7%

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 526,764 shares, a drop of 41.7% from the August 15th total of 903,062 shares. Based on an average daily trading volume, of 71,898 shares, the short-interest ratio is presently 7.3 days. Approximately 16.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco CurrencyShares Euro Trust during the 2nd quarter valued at $39,000. Resurgent Financial Advisors LLC increased its stake in Invesco CurrencyShares Euro Trust by 2.0% in the 4th quarter. Resurgent Financial Advisors LLC now owns 23,464 shares of the exchange traded fund’s stock worth $2,545,000 after buying an additional 464 shares in the last quarter. Greenspring Advisors LLC raised its holdings in Invesco CurrencyShares Euro Trust by 11.1% during the fourth quarter. Greenspring Advisors LLC now owns 4,964 shares of the exchange traded fund’s stock valued at $538,000 after acquiring an additional 496 shares during the period. Corient Private Wealth LP lifted its position in shares of Invesco CurrencyShares Euro Trust by 41.0% in the second quarter. Corient Private Wealth LP now owns 3,300 shares of the exchange traded fund’s stock valued at $348,000 after acquiring an additional 959 shares in the last quarter. Finally, Cannell & Spears LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust in the first quarter valued at about $242,000.

Invesco CurrencyShares Euro Trust Trading Down 0.6%

Invesco CurrencyShares Euro Trust stock traded down $0.64 during trading hours on Wednesday, hitting $105.85. 135,793 shares of the stock traded hands, compared to its average volume of 167,212. Invesco CurrencyShares Euro Trust has a one year low of $104.60 and a one year high of $111.54. The firm’s 50-day moving average price is $106.44 and its two-hundred day moving average price is $106.83. The company has a market cap of $323.90 million, a PE ratio of -92.16 and a beta of 0.17.

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.