Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 15,173 shares, a decline of 47.1% from the September 15th total of 28,666 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 34,772 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Trading of Invesco CurrencyShares Swiss Franc Trust
Hedge funds and other institutional investors have recently bought and sold shares of the company. RFG Advisory LLC raised its holdings in Invesco CurrencyShares Swiss Franc Trust by 4.7% in the 2nd quarter. RFG Advisory LLC now owns 5,370 shares of the company’s stock valued at $586,000 after acquiring an additional 240 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Invesco CurrencyShares Swiss Franc Trust during the second quarter worth $62,000. Western Wealth Management LLC acquired a new stake in shares of Invesco CurrencyShares Swiss Franc Trust during the first quarter worth $126,000. Bank of America Corp DE grew its position in shares of Invesco CurrencyShares Swiss Franc Trust by 82.1% in the first quarter. Bank of America Corp DE now owns 27,739 shares of the company’s stock valued at $3,063,000 after purchasing an additional 12,504 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Invesco CurrencyShares Swiss Franc Trust by 33.1% in the first quarter. Royal Bank of Canada now owns 7,792 shares of the company’s stock valued at $860,000 after purchasing an additional 1,936 shares during the period.
Invesco CurrencyShares Swiss Franc Trust Stock Performance
Shares of FXF traded up $0.43 on Friday, reaching $106.85. The stock had a trading volume of 13,964 shares, compared to its average volume of 78,565. Invesco CurrencyShares Swiss Franc Trust has a twelve month low of $104.87 and a twelve month high of $116.30. The firm has a 50-day moving average of $107.68 and a 200 day moving average of $109.65.
Invesco CurrencyShares Swiss Franc Trust Company Profile
Guggenheim CurrencyShares Swiss Franc Trust, formerly CurrencyShares Swiss Franc Trust, is a grantor trust. The Trust issues shares (Shares) in blocks of 50,000 (Basket) in exchange for deposits of Swiss Francs and distributes Swiss Francs in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Swiss Franc plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are focused to offer investors an opportunity to participate in the market for the Swiss Franc through an investment in securities.
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