Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Short Interest Down 21.2% in December

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 17,119 shares, a decrease of 21.2% from the December 15th total of 21,735 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 17,251 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 17,251 shares, the short-interest ratio is currently 1.0 days. Approximately 1.3% of the shares of the company are sold short.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

NYSEARCA FXA traded down $0.11 on Friday, hitting $66.21. 11,652 shares of the company’s stock were exchanged, compared to its average volume of 13,114. The firm’s 50-day moving average price is $65.53 and its two-hundred day moving average price is $65.02. Invesco CurrencyShares Australian Dollar Trust has a fifty-two week low of $58.90 and a fifty-two week high of $66.77.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were given a dividend of $0.0524 per share. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, January 2nd. This is an increase from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Large investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter worth about $487,000. Bank of America Corp DE raised its position in Invesco CurrencyShares Australian Dollar Trust by 147.0% during 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 last quarter. Cresset Asset Management LLC lifted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 10.7% in the third quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock valued at $5,717,000 after purchasing an additional 8,412 shares in the last quarter. MAI Capital Management purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at about $323,000. Finally, Clearstead Advisors LLC acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $83,000.

About Invesco CurrencyShares Australian Dollar Trust

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.