Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Short Interest Down 23.9% in March

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 437,133 shares, a decline of 23.9% from the February 26th total of 574,611 shares. Approximately 10.2% of the shares of the stock are short sold. Based on an average trading volume of 277,471 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Invesco CurrencyShares Euro Trust during the second quarter worth $10,879,000. Raymond James Financial Inc. lifted its position in shares of Invesco CurrencyShares Euro Trust by 37.3% in the second quarter. Raymond James Financial Inc. now owns 93,269 shares of the exchange traded fund’s stock valued at $10,147,000 after acquiring an additional 25,356 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Invesco CurrencyShares Euro Trust in the fourth quarter valued at $8,224,000. Advisory Services Network LLC boosted its stake in shares of Invesco CurrencyShares Euro Trust by 4.7% during the fourth quarter. Advisory Services Network LLC now owns 46,880 shares of the exchange traded fund’s stock valued at $5,084,000 after acquiring an additional 2,123 shares during the last quarter. Finally, Leuthold Group LLC boosted its stake in shares of Invesco CurrencyShares Euro Trust by 6.8% during the second quarter. Leuthold Group LLC now owns 44,735 shares of the exchange traded fund’s stock valued at $4,867,000 after acquiring an additional 2,829 shares during the last quarter.

Invesco CurrencyShares Euro Trust Price Performance

Shares of NYSEARCA FXE opened at $106.31 on Friday. The firm’s 50-day moving average is $108.18 and its two-hundred day moving average is $107.81. The company has a market capitalization of $457.13 million, a PE ratio of -92.16 and a beta of 0.18. Invesco CurrencyShares Euro Trust has a 12-month low of $99.53 and a 12-month high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.0667 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.8%. This is an increase from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

About Invesco CurrencyShares Euro Trust

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