Short Interest in Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Drops By 45.4%

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 552,161 shares, a decrease of 45.4% from the May 31st total of 1,011,195 shares. Approximately 13.5% of the shares of the company are short sold. Based on an average daily volume of 401,182 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new stake in Invesco CurrencyShares Euro Trust during the fourth quarter valued at approximately $27,000. Geneos Wealth Management Inc. acquired a new position in shares of Invesco CurrencyShares Euro Trust in the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Invesco CurrencyShares Euro Trust during the 3rd quarter worth approximately $90,000. Kestra Advisory Services LLC bought a new position in shares of Invesco CurrencyShares Euro Trust during the 4th quarter worth approximately $110,000. Finally, Osaic Holdings Inc. boosted its stake in Invesco CurrencyShares Euro Trust by 33.8% in the 4th quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock valued at $130,000 after buying an additional 303 shares in the last quarter.

Invesco CurrencyShares Euro Trust Trading Down 0.5%

FXE stock traded down $0.49 during midday trading on Wednesday, hitting $104.95. The stock had a trading volume of 30,915 shares, compared to its average volume of 204,435. Invesco CurrencyShares Euro Trust has a 52 week low of $104.60 and a 52 week high of $111.54. The firm has a market capitalization of $393.56 million, a price-to-earnings ratio of -92.16 and a beta of 0.17. The stock has a 50-day simple moving average of $107.03 and a 200 day simple moving average of $107.70.

Invesco CurrencyShares Euro Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st will be given a $0.0701 dividend. This represents a c) annualized dividend and a yield of 0.8%. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, July 1st.

Invesco CurrencyShares Euro Trust Company Profile

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of euro plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.