Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Short Interest Update

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 21,597 shares, a growth of 26.2% from the December 31st total of 17,119 shares. Based on an average daily trading volume, of 13,308 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.7% of the company’s stock are short sold. Approximately 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 13,308 shares, the days-to-cover ratio is presently 1.6 days.

Invesco CurrencyShares Australian Dollar Trust Price Performance

FXA traded down $0.23 on Wednesday, hitting $69.29. The company had a trading volume of 38,582 shares, compared to its average volume of 33,099. Invesco CurrencyShares Australian Dollar Trust has a 12-month low of $58.90 and a 12-month high of $70.15. The stock has a fifty day moving average price of $66.49 and a 200-day moving average price of $65.32.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 6th. Shareholders of record on Monday, February 2nd will be issued a $0.0549 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This is a positive change from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 1.0%.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the second quarter valued at about $369,000. Mutual Advisors LLC acquired a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at $1,727,000. Unconventional Investor LLC purchased a new position in Invesco CurrencyShares Australian Dollar Trust during the second quarter worth about $509,000. Cresset Asset Management LLC increased its holdings in Invesco CurrencyShares Australian Dollar Trust by 2.8% in the 2nd quarter. Cresset Asset Management LLC now owns 78,833 shares of the exchange traded fund’s stock valued at $5,141,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 61.4% in the third quarter. Cibc World Market Inc. now owns 17,700 shares of the exchange traded fund’s stock valued at $1,160,000 after buying an additional 6,735 shares in the last quarter.

About Invesco CurrencyShares Australian Dollar Trust

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