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

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXCGet 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

A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after buying an additional 59,230 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 17.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock worth $2,442,000 after purchasing an additional 5,176 shares in the last quarter. Virtu Financial LLC boosted its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 163.1% during the 3rd quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock worth $1,557,000 after purchasing an additional 13,741 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the 4th quarter worth $854,000. Finally, Bank of America Corp DE grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 2,366 shares during the period.

About Invesco CurrencyShares Canadian Dollar Trust

(Get Free Report)

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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