Short Interest in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Increases By 169.1%

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 40,416 shares, a growth of 169.1% from the December 31st total of 15,018 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average trading volume of 91,511 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 91,511 shares, the days-to-cover ratio is presently 0.4 days. Currently, 3.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its holdings in Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 225 shares during the period. Envestnet Asset Management Inc. bought a new stake in Invesco CurrencyShares Canadian Dollar Trust during the third quarter worth $204,000. Fiduciary Financial Group LLC increased its position in Invesco CurrencyShares Canadian Dollar Trust by 5.1% during the third quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock worth $237,000 after buying an additional 164 shares during the last quarter. MAI Capital Management lifted its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% during the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after buying an additional 3,550 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 2,366 shares during the period.

Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.5%

Invesco CurrencyShares Canadian Dollar Trust stock traded up $0.34 during mid-day trading on Thursday, hitting $72.39. 54,160 shares of the company’s stock were exchanged, compared to its average volume of 75,391. The stock has a 50 day moving average of $70.64 and a two-hundred day moving average of $70.50. Invesco CurrencyShares Canadian Dollar Trust has a 1-year low of $66.52 and a 1-year high of $72.41.

Invesco CurrencyShares Canadian Dollar Trust Announces Dividend

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

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.