Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Up 169.1% in January

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 40,416 shares, a growth of 169.1% from the December 31st total of 15,018 shares. Based on an average daily trading volume, of 91,511 shares, the days-to-cover ratio is presently 0.4 days. Currently, 3.7% of the company’s shares are sold short. Currently, 3.7% of the company’s shares are sold short. Based on an average daily trading volume, of 91,511 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

A number of large investors have recently made changes to their positions in FXC. Royal Bank of Canada raised its position 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 last quarter. Geneos Wealth Management Inc. raised its holdings 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 period. Haven Private LLC acquired a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the second quarter valued at about $610,000. Bank of America Corp DE lifted its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 2,366 shares in the last quarter. Finally, Fiduciary Financial Group LLC grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 5.1% during the third quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock valued at $237,000 after acquiring an additional 164 shares in the last quarter.

Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.5%

Shares of NYSEARCA FXC traded up $0.34 during midday trading on Thursday, hitting $72.39. The company’s stock had a trading volume of 54,160 shares, compared to its average volume of 75,391. The business’s fifty day simple moving average is $70.64 and its two-hundred day simple moving average is $70.50. Invesco CurrencyShares Canadian Dollar Trust has a 1 year low of $66.52 and a 1 year high of $72.41.

Invesco CurrencyShares Canadian Dollar Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a $0.0071 dividend. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, January 2nd.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.