Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Short Interest Update

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 552,161 shares, a decrease of 45.4% from the May 31st total of 1,011,195 shares. Approximately 13.5% of the company’s stock are short sold. Based on an average trading volume of 401,182 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

A number of hedge funds have recently bought and sold shares of FXE. Nvwm LLC boosted its holdings in shares of Invesco CurrencyShares Euro Trust by 7.1% during the fourth quarter. Nvwm LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $155,000 after acquiring an additional 95 shares during the period. Fiduciary Financial Group LLC grew its position in shares of Invesco CurrencyShares Euro Trust by 2.7% during the fourth quarter. Fiduciary Financial Group LLC now owns 3,812 shares of the exchange traded fund’s stock worth $413,000 after acquiring an additional 102 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Invesco CurrencyShares Euro Trust in the 1st quarter worth about $25,000. Farther Finance Advisors LLC acquired a new stake in shares of Invesco CurrencyShares Euro Trust in the 4th quarter worth about $27,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Invesco CurrencyShares Euro Trust by 33.8% in the 4th quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock worth $130,000 after acquiring an additional 303 shares during the period.

Invesco CurrencyShares Euro Trust Price Performance

NYSEARCA FXE opened at $105.47 on Friday. Invesco CurrencyShares Euro Trust has a 12 month low of $104.60 and a 12 month high of $111.54. The company has a market capitalization of $395.51 million, a price-to-earnings ratio of -92.16 and a beta of 0.17. The company’s fifty day moving average price is $106.98 and its two-hundred day moving average price is $107.68.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st will be paid a $0.0701 dividend. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07. The ex-dividend date is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%.

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.