Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Trading at $69.20

Shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) shot up 0% during trading on Monday. The company traded as high as $69.31 and last traded at $69.20. Approximately 6,203 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 39,611 shares. The stock had previously closed at $69.19.

Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.0%

The company’s fifty day moving average is $69.54 and its two-hundred day moving average is $70.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FXC. Bank of America Corp DE lifted its position in Invesco CurrencyShares Canadian Dollar Trust by 38.7% during the 1st quarter. Bank of America Corp DE now owns 4,702 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 1,311 shares in the last quarter. StoneX Group Inc. acquired a new stake in Invesco CurrencyShares Canadian Dollar Trust in the third quarter valued at approximately $244,000. Finally, Charles Schwab Trust Co acquired a new stake in Invesco CurrencyShares Canadian Dollar Trust in the second quarter valued at approximately $345,000.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.