Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Update

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 144,071 shares, a growth of 207.3% from the June 15th total of 46,877 shares. Currently, 13.1% of the company’s stock are sold short. Based on an average daily volume of 29,851 shares, the short-interest ratio is currently 4.8 days.

Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.1%

Shares of FXC stock traded down $0.04 during trading hours on Monday, reaching $69.00. The company had a trading volume of 118,543 shares, compared to its average volume of 47,316. Invesco CurrencyShares Canadian Dollar Trust has a 12 month low of $68.64 and a 12 month high of $72.47. The business has a fifty day simple moving average of $70.12 and a 200-day simple moving average of $70.82.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were given a $0.0066 dividend. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 225 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the third quarter valued at about $204,000. Bank of America Corp DE boosted its holdings in Invesco CurrencyShares Canadian Dollar Trust by 38.7% during the first quarter. Bank of America Corp DE now owns 4,702 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 1,311 shares during the last quarter. Charles Schwab Trust Co purchased a new position in Invesco CurrencyShares Canadian Dollar Trust during the second quarter worth about $345,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 4th quarter worth about $854,000.

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.