Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Short Interest Down 42.2% in January

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 314,965 shares, a decline of 42.2% from the January 15th total of 544,785 shares. Currently, 7.3% of the company’s stock are short sold. Based on an average daily trading volume, of 256,340 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 256,340 shares, the days-to-cover ratio is presently 1.2 days. Currently, 7.3% of the company’s stock are short sold.

Invesco CurrencyShares Euro Trust Stock Up 0.1%

Shares of NYSEARCA FXE traded up $0.07 during trading on Friday, reaching $109.58. The company had a trading volume of 140,723 shares, compared to its average volume of 155,261. Invesco CurrencyShares Euro Trust has a 12-month low of $95.72 and a 12-month high of $111.54. The business’s 50-day moving average is $108.51 and its 200 day moving average is $107.79. The stock has a market cap of $471.19 million, a PE ratio of -92.16 and a beta of 0.18.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were given a dividend of $0.0663 per share. This is a positive change from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 0.7%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FXE. BNP Paribas Financial Markets bought a new position in shares of Invesco CurrencyShares Euro Trust in the second quarter worth approximately $10,879,000. Empowered Funds LLC bought a new stake in shares of Invesco CurrencyShares Euro Trust during the fourth quarter valued at approximately $8,224,000. Advisory Services Network LLC purchased a new position in Invesco CurrencyShares Euro Trust in the 2nd quarter worth approximately $4,796,000. Virtu Financial LLC bought a new position in Invesco CurrencyShares Euro Trust in the 3rd quarter valued at approximately $2,981,000. Finally, Raymond James Financial Inc. lifted its position in Invesco CurrencyShares Euro Trust by 37.3% in the 2nd 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.

Invesco CurrencyShares Euro Trust Company Profile

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.