Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 25,495 shares, a decrease of 70.8% from the September 15th total of 87,436 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 35,100 shares, the short-interest ratio is currently 0.7 days.
Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust
An institutional investor recently bought a new stake in Invesco CurrencyShares Canadian Dollar Trust stock. Charles Schwab Trust Co acquired a new position in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the exchange traded fund’s stock, valued at approximately $345,000. Charles Schwab Trust Co owned 0.45% of Invesco CurrencyShares Canadian Dollar Trust at the end of the most recent reporting period.
Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.5%
Shares of NYSEARCA:FXC traded up $0.33 during trading on Tuesday, hitting $68.74. The stock had a trading volume of 32,925 shares, compared to its average volume of 41,658. Invesco CurrencyShares Canadian Dollar Trust has a 12-month low of $68.38 and a 12-month high of $72.47. The stock has a 50-day simple moving average of $69.87 and a two-hundred day simple moving average of $70.09.
About Invesco CurrencyShares Canadian Dollar Trust
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.
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