Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Cross Above 200-Day Moving Average – Time to Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.17 and traded as high as $64.07. Invesco CurrencyShares Australian Dollar Trust shares last traded at $63.67, with a volume of 205,222 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Trading Down 1.3%

The firm has a 50-day simple moving average of $64.52 and a 200-day simple moving average of $63.17.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Several hedge funds and other institutional investors have recently bought and sold shares of FXA. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 15.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,792 shares of the exchange traded fund’s stock valued at $417,000 after buying an additional 898 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 7.9% in the 1st quarter. Cresset Asset Management LLC now owns 76,651 shares of the exchange traded fund’s stock valued at $4,746,000 after buying an additional 5,589 shares in the last quarter. Finally, Mutual Advisors LLC bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at about $1,727,000.

About Invesco CurrencyShares Australian Dollar Trust

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.