Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Short Interest Down 41.7% in August

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 526,764 shares, a drop of 41.7% from the August 15th total of 903,062 shares. Approximately 16.5% of the shares of the stock are short sold. Based on an average daily volume of 71,898 shares, the short-interest ratio is presently 7.3 days.

Invesco CurrencyShares Euro Trust Trading Down 0.6%

FXE traded down $0.64 during trading hours on Wednesday, hitting $105.85. The company’s stock had a trading volume of 135,793 shares, compared to its average volume of 167,212. The stock has a market cap of $323.90 million, a price-to-earnings ratio of -92.16 and a beta of 0.17. The business’s 50-day moving average price is $106.44 and its 200-day moving average price is $106.83. Invesco CurrencyShares Euro Trust has a 12 month low of $104.60 and a 12 month high of $111.54.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FXE. Bank of America Corp DE boosted its stake in shares of Invesco CurrencyShares Euro Trust by 58.7% during the first quarter. Bank of America Corp DE now owns 35,723 shares of the exchange traded fund’s stock valued at $3,811,000 after purchasing an additional 13,215 shares during the period. Resurgent Financial Advisors LLC lifted its holdings in Invesco CurrencyShares Euro Trust by 2.0% during the 4th quarter. Resurgent Financial Advisors LLC now owns 23,464 shares of the exchange traded fund’s stock valued at $2,545,000 after buying an additional 464 shares in the last quarter. Royal Bank of Canada lifted its holdings in Invesco CurrencyShares Euro Trust by 37.7% during the 1st quarter. Royal Bank of Canada now owns 14,184 shares of the exchange traded fund’s stock valued at $1,514,000 after buying an additional 3,885 shares in the last quarter. Verus Capital Partners LLC boosted its position in Invesco CurrencyShares Euro Trust by 89.8% in the 4th quarter. Verus Capital Partners LLC now owns 6,351 shares of the exchange traded fund’s stock valued at $689,000 after buying an additional 3,004 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in Invesco CurrencyShares Euro Trust by 131.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,825 shares of the exchange traded fund’s stock valued at $632,000 after buying an additional 3,309 shares during the period.

About Invesco CurrencyShares Euro Trust

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.