Short Interest in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Increases By 38.1%

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 11,600 shares, an increase of 38.1% from the September 30th total of 8,400 shares. Based on an average daily trading volume, of 26,700 shares, the short-interest ratio is currently 0.4 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 26,700 shares, the short-interest ratio is currently 0.4 days.

Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.2%

Shares of NYSEARCA FXC traded down $0.13 during mid-day trading on Monday, hitting $69.55. The company had a trading volume of 14,699 shares, compared to its average volume of 45,151. The business’s 50-day simple moving average is $70.28 and its 200-day simple moving average is $70.77. Invesco CurrencyShares Canadian Dollar Trust has a 12 month low of $66.52 and a 12 month high of $72.21.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Hedge funds have recently made changes to their positions in the stock. Ancora Advisors LLC bought a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the first quarter valued at about $136,000. Fiduciary Financial Group LLC raised its position in Invesco CurrencyShares Canadian Dollar Trust by 5.1% in the third quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock worth $237,000 after purchasing an additional 164 shares in the last quarter. Royal Bank of Canada raised its position in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after purchasing an additional 59,230 shares in the last quarter. Bank of America Corp DE raised its position in Invesco CurrencyShares Canadian Dollar Trust by 54.7% in 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 in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 225 shares in the last quarter.

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.