Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $64.70 and traded as high as $66.04. Invesco CurrencyShares Australian Dollar Trust shares last traded at $65.87, with a volume of 9,183 shares traded.

Invesco CurrencyShares Australian Dollar Trust Stock Down 0.2%

The company has a 50 day moving average of $64.74 and a 200 day moving average of $64.70.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cresset Asset Management LLC boosted its position in Invesco CurrencyShares Australian Dollar Trust by 7.9% during the first quarter. Cresset Asset Management LLC now owns 76,651 shares of the exchange traded fund’s stock worth $4,746,000 after acquiring an additional 5,589 shares during the last quarter. Mutual Advisors LLC purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter worth approximately $1,727,000. Unconventional Investor LLC acquired a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter worth approximately $509,000. Haven Private LLC acquired a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter worth approximately $605,000. Finally, Bank of Montreal Can purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the second quarter valued at approximately $369,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

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.