Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $69.92 and traded as high as $71.08. Invesco CurrencyShares Australian Dollar Trust shares last traded at $71.04, with a volume of 3,410 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The company has a 50-day simple moving average of $69.41 and a 200-day simple moving average of $69.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the first quarter worth $515,000. Cibc World Market Inc. boosted its position in shares of Invesco CurrencyShares Australian Dollar Trust by 427.3% during the 4th quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock worth $6,170,000 after purchasing an additional 75,637 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the 4th quarter worth $260,000. Royal Bank of Canada grew its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 1.6% during the 1st quarter. Royal Bank of Canada now owns 9,253 shares of the exchange traded fund’s stock worth $633,000 after purchasing an additional 147 shares during the period. Finally, Graney & King LLC acquired a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the 1st quarter worth $125,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.