Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Pass Above 200 Day Moving Average – Here’s Why

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXAGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $68.30 and traded as high as $71.05. Invesco CurrencyShares Australian Dollar Trust shares last traded at $71.01, with a volume of 6,490 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The company has a 50-day simple moving average of $70.28 and a 200 day simple moving average of $68.30.

Invesco CurrencyShares Australian Dollar Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a $0.0786 dividend. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 1st.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Several hedge funds have recently bought and sold shares of FXA. Cibc World Market Inc. grew its position in Invesco CurrencyShares Australian Dollar Trust by 427.3% in the 4th quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock valued at $6,170,000 after acquiring an additional 75,637 shares during the last quarter. Jane Street Group LLC grew its position in Invesco CurrencyShares Australian Dollar Trust by 156.0% in the 2nd quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock valued at $2,573,000 after acquiring an additional 24,043 shares during the last quarter. Cresset Asset Management LLC grew its position in Invesco CurrencyShares Australian Dollar Trust by 10.7% in the 3rd quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock valued at $5,717,000 after acquiring an additional 8,412 shares during the last quarter. PFG Investments LLC bought a new position in Invesco CurrencyShares Australian Dollar Trust in the 1st quarter valued at $515,000. Finally, Flow Traders U.S. LLC bought a new position in Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter valued at $487,000.

About Invesco CurrencyShares Australian Dollar Trust

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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. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.

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