Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF) Sees Large Decrease in Short Interest

Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 15,173 shares, a drop of 47.1% from the September 15th total of 28,666 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 34,772 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco CurrencyShares Swiss Franc Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RFG Advisory LLC lifted its holdings in shares of Invesco CurrencyShares Swiss Franc Trust by 4.7% during the 2nd quarter. RFG Advisory LLC now owns 5,370 shares of the company’s stock valued at $586,000 after buying an additional 240 shares during the period. Trust Co. of Vermont purchased a new position in shares of Invesco CurrencyShares Swiss Franc Trust in the 2nd quarter worth $62,000. Western Wealth Management LLC purchased a new position in shares of Invesco CurrencyShares Swiss Franc Trust in the 1st quarter worth $126,000. Bank of America Corp DE grew its holdings in shares of Invesco CurrencyShares Swiss Franc Trust by 82.1% in the first quarter. Bank of America Corp DE now owns 27,739 shares of the company’s stock worth $3,063,000 after acquiring an additional 12,504 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Invesco CurrencyShares Swiss Franc Trust by 33.1% in the first quarter. Royal Bank of Canada now owns 7,792 shares of the company’s stock worth $860,000 after acquiring an additional 1,936 shares during the period.

Invesco CurrencyShares Swiss Franc Trust Stock Performance

Invesco CurrencyShares Swiss Franc Trust stock traded up $1.03 during midday trading on Thursday, reaching $106.42. 17,115 shares of the stock were exchanged, compared to its average volume of 78,891. Invesco CurrencyShares Swiss Franc Trust has a 52 week low of $104.87 and a 52 week high of $116.30. The company’s fifty day moving average is $107.68 and its 200-day moving average is $109.65.

Invesco CurrencyShares Swiss Franc Trust Company Profile

Guggenheim CurrencyShares Swiss Franc Trust, formerly CurrencyShares Swiss Franc Trust, is a grantor trust. The Trust issues shares (Shares) in blocks of 50,000 (Basket) in exchange for deposits of Swiss Francs and distributes Swiss Francs in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Swiss Franc plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are focused to offer investors an opportunity to participate in the market for the Swiss Franc through an investment in securities.