Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Up 313.5% in March

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 115,066 shares, a growth of 313.5% from the March 15th total of 27,829 shares. Currently, 9.6% of the company’s shares are sold short. Based on an average daily trading volume, of 70,155 shares, the short-interest ratio is presently 1.6 days.

Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.2%

FXC traded down $0.13 during mid-day trading on Friday, reaching $70.59. The stock had a trading volume of 6,590 shares, compared to its average volume of 73,212. The firm’s fifty day simple moving average is $71.25 and its two-hundred day simple moving average is $70.64. Invesco CurrencyShares Canadian Dollar Trust has a 52 week low of $69.08 and a 52 week high of $72.47.

Invesco CurrencyShares Canadian Dollar Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, April 1st were given a $0.007 dividend. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, April 1st. This is a positive change from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.01.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 225 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Invesco CurrencyShares Canadian Dollar Trust in the 3rd quarter valued at $204,000. Fiduciary Financial Group LLC lifted its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 5.1% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock valued at $237,000 after purchasing an additional 164 shares during the period. MAI Capital Management lifted its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock valued at $250,000 after purchasing an additional 3,550 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,366 shares during the period.

About Invesco CurrencyShares Canadian Dollar Trust

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.