Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Get Free Report) saw a large decline in short interest in the month of 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 company are short sold. Based on an average daily trading volume, of 41,769 shares, the days-to-cover ratio is presently 1.6 days.
Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.2%
Invesco CurrencyShares Canadian Dollar Trust stock traded down $0.11 during trading hours on Tuesday, reaching $70.32. 12,707 shares of the stock were exchanged, compared to its average volume of 44,439. Invesco CurrencyShares Canadian Dollar Trust has a 52-week low of $68.64 and a 52-week high of $72.47. The firm’s 50 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 dividend of $0.0069 per share. This is an increase from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, August 3rd.
Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust
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.
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