Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Shares Shorted: Short Interest Up 49.0% in September

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 87,436 shares, a growth of 49.0% from the August 31st total of 58,681 shares. Based on an average daily volume of 32,330 shares, the short-interest ratio is currently 2.7 days. Currently, 8.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

An institutional investor recently raised its position in Invesco CurrencyShares Canadian Dollar Trust stock. Bank of America Corp DE increased its stake in shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) by 38.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,702 shares of the exchange traded fund’s stock after purchasing an additional 1,311 shares during the quarter. Bank of America Corp DE owned 0.43% of Invesco CurrencyShares Canadian Dollar Trust worth $330,000 at the end of the most recent quarter.

Invesco CurrencyShares Canadian Dollar Trust Stock Performance

Shares of NYSEARCA:FXC traded down $0.02 on Thursday, reaching $68.64. The company’s stock had a trading volume of 20,530 shares, compared to its average volume of 42,448. The company has a 50-day simple moving average of $70.01 and a 200 day simple moving average of $70.25. Invesco CurrencyShares Canadian Dollar Trust has a 52-week low of $68.45 and a 52-week high of $72.47.

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.