Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Update

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 66,127 shares, a decline of 38.7% from the July 15th total of 107,918 shares. Currently, 6.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,769 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Trust Co purchased a new position in shares of Invesco CurrencyShares Canadian Dollar Trust in the second quarter valued at $345,000. Bank of America Corp DE raised its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 38.7% during the 1st quarter. Bank of America Corp DE now owns 4,702 shares of the exchange traded fund’s stock worth $330,000 after buying an additional 1,311 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the 4th quarter worth about $854,000. Ashton Thomas Private Wealth LLC grew its stake in Invesco CurrencyShares Canadian Dollar Trust by 17.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock valued at $2,442,000 after acquiring an additional 5,176 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the 3rd quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock valued at $1,557,000 after acquiring an additional 13,741 shares during the last quarter.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.2%

FXC traded down $0.11 on Tuesday, hitting $70.32. 12,707 shares of the company were exchanged, compared to its average volume of 44,439. Invesco CurrencyShares Canadian Dollar Trust has a fifty-two week low of $68.64 and a fifty-two week high of $72.47. The business’s fifty day moving average is $69.44 and its 200 day moving average is $70.59.

Invesco CurrencyShares Canadian Dollar Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were issued a $0.0069 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.01.

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.