Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Short Interest Up 98.4% in May

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,011,195 shares, an increase of 98.4% from the May 14th total of 509,694 shares. Approximately 24.7% of the company’s shares are short sold. Based on an average daily volume of 175,269 shares, the short-interest ratio is currently 5.8 days.

Institutional Trading of Invesco CurrencyShares Euro Trust

A number of institutional investors have recently modified their holdings of the company. Nvwm LLC boosted its holdings in shares of Invesco CurrencyShares Euro Trust by 7.1% during the fourth quarter. Nvwm LLC now owns 1,425 shares of the exchange traded fund’s stock worth $155,000 after purchasing an additional 95 shares during the period. Fiduciary Financial Group LLC lifted its holdings in Invesco CurrencyShares Euro Trust by 2.7% in the fourth quarter. Fiduciary Financial Group LLC now owns 3,812 shares of the exchange traded fund’s stock worth $413,000 after buying an additional 102 shares during the period. Farther Finance Advisors LLC purchased a new stake in Invesco CurrencyShares Euro Trust in the fourth quarter worth about $27,000. Geneos Wealth Management Inc. purchased a new stake in Invesco CurrencyShares Euro Trust in the first quarter worth about $25,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Invesco CurrencyShares Euro Trust by 33.8% during the fourth quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock valued at $130,000 after purchasing an additional 303 shares during the last quarter.

Invesco CurrencyShares Euro Trust Stock Up 0.1%

Shares of Invesco CurrencyShares Euro Trust stock traded up $0.06 during trading on Monday, reaching $106.89. 73,258 shares of the stock were exchanged, compared to its average volume of 216,816. The stock’s fifty day moving average is $107.64 and its 200 day moving average is $107.86. The firm has a market cap of $438.25 million, a price-to-earnings ratio of -92.16 and a beta of 0.17. Invesco CurrencyShares Euro Trust has a 1 year low of $105.28 and a 1 year high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0653 per share. This is an increase from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 1st.

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.