Short Interest in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Rises By 207.3%

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 144,071 shares, a growth of 207.3% from the June 15th total of 46,877 shares. Currently, 13.1% of the company’s shares are short sold. Based on an average daily trading volume, of 29,851 shares, the short-interest ratio is presently 4.8 days.

Invesco CurrencyShares Canadian Dollar Trust Stock Up 0.6%

Shares of FXC stock traded up $0.40 during trading on Tuesday, hitting $69.44. 30,986 shares of the stock traded hands, compared to its average volume of 47,204. Invesco CurrencyShares Canadian Dollar Trust has a 52-week low of $68.64 and a 52-week high of $72.47. The firm’s fifty day moving average price is $70.07 and its 200-day moving average price is $70.80.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.0066 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 0.1%.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Large investors have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after purchasing an additional 59,230 shares during the period. Geneos Wealth Management Inc. lifted its position in Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 225 shares during the last quarter. Bank of America Corp DE lifted its position in Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after buying an additional 2,366 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Invesco CurrencyShares Canadian Dollar Trust in the third quarter valued at about $204,000. Finally, Virtu Financial LLC boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 163.1% during the third quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock worth $1,557,000 after buying an additional 13,741 shares during the period.

About Invesco CurrencyShares Canadian Dollar Trust

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.