Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 324,111 shares, an increase of 188.8% from the June 30th total of 112,217 shares. Currently, 54.0% of the company’s shares are sold short. Based on an average daily volume of 61,757 shares, the days-to-cover ratio is presently 5.2 days.
Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth approximately $52,000. Dunhill Financial LLC raised its position in Invesco CurrencyShares British Pound Sterling Trust by 225.0% in the fourth quarter. Dunhill Financial LLC now owns 585 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 405 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at approximately $119,000. Flow Traders U.S. LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the third quarter worth $207,000. Finally, Bank of Montreal Can acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the fourth quarter worth $229,000.
Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.0%
Shares of NYSEARCA:FXB traded down $0.03 during midday trading on Tuesday, reaching $127.84. 6,795 shares of the company’s stock were exchanged, compared to its average volume of 26,850. Invesco CurrencyShares British Pound Sterling Trust has a fifty-two week low of $125.02 and a fifty-two week high of $133.11. The firm’s 50 day simple moving average is $128.48 and its two-hundred day simple moving average is $129.19.
Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend
Invesco CurrencyShares British Pound Sterling Trust Company Profile
Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling through an investment in securities.
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