Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF) Short Interest Up 42.9% in March

Invesco CurrencyShares Swiss Franc Trust (NYSEARCA:FXF) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 32,784 shares, an increase of 42.9% from the March 15th total of 22,934 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 88,669 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco CurrencyShares Swiss Franc Trust

Several hedge funds and other institutional investors have recently made changes to their positions in FXF. NBT Bank N A NY purchased a new stake in shares of Invesco CurrencyShares Swiss Franc Trust in the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Invesco CurrencyShares Swiss Franc Trust in the fourth quarter valued at $33,000. Kestra Advisory Services LLC purchased a new stake in shares of Invesco CurrencyShares Swiss Franc Trust in the fourth quarter valued at $37,000. National Bank of Canada FI raised its stake in shares of Invesco CurrencyShares Swiss Franc Trust by 16.9% in the third quarter. National Bank of Canada FI now owns 1,100 shares of the company’s stock valued at $122,000 after acquiring an additional 159 shares during the period. Finally, Nvwm LLC raised its stake in shares of Invesco CurrencyShares Swiss Franc Trust by 10.7% in the third quarter. Nvwm LLC now owns 1,296 shares of the company’s stock valued at $144,000 after acquiring an additional 125 shares during the period.

Invesco CurrencyShares Swiss Franc Trust Price Performance

Invesco CurrencyShares Swiss Franc Trust stock traded up $0.35 during mid-day trading on Tuesday, reaching $113.00. 44,123 shares of the company’s stock traded hands, compared to its average volume of 142,433. Invesco CurrencyShares Swiss Franc Trust has a 12-month low of $104.67 and a 12-month high of $116.30. The stock has a 50 day moving average of $112.85 and a two-hundred day moving average of $111.71.

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.