Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Sees Large Growth in Short Interest

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 324,111 shares, a growth of 188.8% from the June 30th total of 112,217 shares. Based on an average daily trading volume, of 61,757 shares, the days-to-cover ratio is presently 5.2 days. Currently, 54.0% of the company’s stock are sold short.

Invesco CurrencyShares British Pound Sterling Trust Trading Down 0.2%

FXB traded down $0.20 during trading on Monday, hitting $127.90. The company had a trading volume of 4,298 shares, compared to its average volume of 26,925. Invesco CurrencyShares British Pound Sterling Trust has a 1-year low of $125.02 and a 1-year high of $133.11. The business has a 50-day moving average of $128.50 and a 200-day moving average of $129.21.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.2154 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 2.0%.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Invesco CurrencyShares British Pound Sterling Trust by 6.9% during the 1st quarter. Royal Bank of Canada now owns 5,046 shares of the exchange traded fund’s stock worth $643,000 after buying an additional 325 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth $52,000. Dunhill Financial LLC boosted its holdings in Invesco CurrencyShares British Pound Sterling Trust by 225.0% in the fourth quarter. Dunhill Financial LLC now owns 585 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 405 shares during the period. Klingenstein Fields & Co. LP boosted its holdings in Invesco CurrencyShares British Pound Sterling Trust by 20.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,800 shares of the exchange traded fund’s stock worth $623,000 after purchasing an additional 800 shares during the period. Finally, Bank of America Corp DE increased its stake in Invesco CurrencyShares British Pound Sterling Trust by 30.8% during the first quarter. Bank of America Corp DE now owns 3,542 shares of the exchange traded fund’s stock valued at $451,000 after purchasing an additional 835 shares during the last quarter.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling through an investment in securities.