Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Short Interest Up 98.4% in May

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,011,195 shares, a growth of 98.4% from the May 14th total of 509,694 shares. Approximately 24.7% of the company’s stock are short sold. Based on an average daily trading volume, of 175,269 shares, the days-to-cover ratio is presently 5.8 days.

Institutional Trading of Invesco CurrencyShares Euro Trust

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in Invesco CurrencyShares Euro Trust during the 2nd quarter valued at about $10,879,000. Raymond James Financial Inc. grew its position in Invesco CurrencyShares Euro Trust by 37.3% during 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 purchasing an additional 25,356 shares during the last quarter. Empowered Funds LLC purchased a new stake in Invesco CurrencyShares Euro Trust during the 4th quarter valued at about $8,224,000. Advisory Services Network LLC grew its position in Invesco CurrencyShares Euro Trust by 4.7% during the 4th quarter. Advisory Services Network LLC now owns 46,880 shares of the exchange traded fund’s stock valued at $5,084,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Invesco CurrencyShares Euro Trust by 58.7% during the 1st quarter. Bank of America Corp DE now owns 35,723 shares of the exchange traded fund’s stock valued at $3,811,000 after purchasing an additional 13,215 shares during the last quarter.

Invesco CurrencyShares Euro Trust Stock Up 0.2%

Shares of NYSEARCA:FXE traded up $0.23 during midday trading on Tuesday, reaching $107.12. The company’s stock had a trading volume of 76,533 shares, compared to its average volume of 215,585. The firm has a 50 day moving average of $107.64 and a 200-day moving average of $107.86. The firm has a market capitalization of $439.19 million, a P/E ratio of -92.16 and a beta of 0.17. Invesco CurrencyShares Euro Trust has a 12-month low of $105.28 and a 12-month high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, June 1st were given a $0.0653 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.06.

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.