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

Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF) saw a large 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. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 34,772 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco CurrencyShares Swiss Franc Trust

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Invesco CurrencyShares Swiss Franc Trust by 82.1% during the 1st 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 in the last quarter. Royal Bank of Canada increased its stake 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. PFG Investments LLC grew its position in Invesco CurrencyShares Swiss Franc Trust by 38.2% during the 1st quarter. PFG Investments LLC now owns 7,790 shares of the company’s stock worth $860,000 after purchasing an additional 2,155 shares during the period. Rockefeller Capital Management L.P. raised its position in Invesco CurrencyShares Swiss Franc Trust by 145.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,423 shares of the company’s stock valued at $605,000 after acquiring an additional 3,212 shares in the last quarter. Finally, RFG Advisory LLC raised its position in shares of Invesco CurrencyShares Swiss Franc Trust by 4.7% in the second quarter. RFG Advisory LLC now owns 5,370 shares of the company’s stock worth $586,000 after acquiring an additional 240 shares during the period.

Invesco CurrencyShares Swiss Franc Trust Stock Performance

Shares of Invesco CurrencyShares Swiss Franc Trust stock traded down $0.75 during trading on Wednesday, hitting $104.96. 2,311 shares of the stock traded hands, compared to its average volume of 79,069. The stock’s fifty day simple moving average is $107.80 and its 200 day simple moving average is $109.72. Invesco CurrencyShares Swiss Franc Trust has a 52-week low of $104.98 and a 52-week high of $116.30.

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.