Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Sees Large Decline in Short Interest

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

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

Several institutional investors have recently bought and sold shares of FXE. BNP Paribas Financial Markets acquired a new position in Invesco CurrencyShares Euro Trust during the 2nd quarter worth approximately $10,879,000. Empowered Funds LLC acquired a new stake in shares of Invesco CurrencyShares Euro Trust in the fourth quarter valued at approximately $8,224,000. Virtu Financial LLC bought a new stake in shares of Invesco CurrencyShares Euro Trust in the third quarter worth $2,981,000. Raymond James Financial Inc. lifted its position in shares of Invesco CurrencyShares Euro Trust by 37.3% in the second quarter. Raymond James Financial Inc. now owns 93,269 shares of the exchange traded fund’s stock worth $10,147,000 after purchasing an additional 25,356 shares in the last quarter. Finally, Creative Planning boosted its holdings in Invesco CurrencyShares Euro Trust by 631.9% during the third quarter. Creative Planning now owns 28,114 shares of the exchange traded fund’s stock worth $3,047,000 after purchasing an additional 24,273 shares during the last quarter.

Invesco CurrencyShares Euro Trust Stock Up 0.5%

Shares of NYSEARCA:FXE traded up $0.52 during midday trading on Thursday, reaching $105.47. 120,545 shares of the company were exchanged, compared to its average volume of 203,764. The firm has a market cap of $395.51 million, a PE ratio of -92.16 and a beta of 0.17. Invesco CurrencyShares Euro Trust has a fifty-two week low of $104.60 and a fifty-two week high of $111.54. The stock has a fifty day simple moving average of $106.98 and a two-hundred day simple moving average of $107.68.

Invesco CurrencyShares Euro Trust Increases Dividend

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

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.