Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 87,436 shares, a growth of 49.0% from the August 31st total of 58,681 shares. Currently, 8.3% of the shares of the stock are short sold. Based on an average trading volume of 32,330 shares, the short-interest ratio is currently 2.7 days.
Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.0%
FXC stock traded down $0.02 during mid-day trading on Thursday, hitting $68.64. The company had a trading volume of 20,530 shares, compared to its average volume of 42,448. Invesco CurrencyShares Canadian Dollar Trust has a 12-month low of $68.45 and a 12-month high of $72.47. The company has a 50-day moving average price of $70.01 and a 200 day moving average price of $70.25.
Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust
An institutional investor recently bought a new position in Invesco CurrencyShares Canadian Dollar Trust stock. Charles Schwab Trust Co purchased a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,000 shares of the exchange traded fund’s stock, valued at approximately $345,000. Charles Schwab Trust Co owned approximately 0.45% of Invesco CurrencyShares Canadian Dollar Trust at the end of the most recent reporting period.
Invesco CurrencyShares Canadian Dollar Trust Company Profile
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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