Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Update

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 15,018 shares, a growth of 176.2% from the December 15th total of 5,437 shares. Based on an average trading volume of 31,290 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.3% of the company’s shares are short sold. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 31,290 shares, the days-to-cover ratio is presently 0.5 days.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.0%

Shares of FXC stock opened at $70.35 on Wednesday. The business’s 50 day simple moving average is $70.36 and its 200 day simple moving average is $70.56. Invesco CurrencyShares Canadian Dollar Trust has a one year low of $66.52 and a one year high of $72.21.

Invesco CurrencyShares Canadian Dollar Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were paid a $0.0071 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, January 2nd.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after acquiring an additional 59,230 shares during the last quarter. Virtu Financial LLC increased its position in Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the 3rd quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock valued at $1,557,000 after buying an additional 13,741 shares in the last quarter. Haven Private LLC acquired a new position in Invesco CurrencyShares Canadian Dollar Trust during the 2nd quarter worth approximately $610,000. MAI Capital Management boosted its holdings in Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the third quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust during the third quarter valued at approximately $204,000.

About Invesco CurrencyShares Canadian Dollar Trust

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.