Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $69.61 and traded as high as $69.79. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.73, with a volume of 10,117 shares traded.

Invesco CurrencyShares Australian Dollar Trust Stock Up 0.1%

The business has a fifty day simple moving average of $69.41 and a two-hundred day simple moving average of $69.61.

Invesco CurrencyShares Australian Dollar Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were given a $0.087 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Cibc World Market Inc. increased its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 427.3% in the fourth quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock valued at $6,170,000 after purchasing an additional 75,637 shares during the last quarter. Jane Street Group LLC lifted its position in Invesco CurrencyShares Australian Dollar Trust by 156.0% during the second quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock worth $2,573,000 after buying an additional 24,043 shares in the last quarter. PFG Investments LLC acquired a new position in Invesco CurrencyShares Australian Dollar Trust during the first quarter worth $515,000. Flow Traders U.S. LLC acquired a new position in Invesco CurrencyShares Australian Dollar Trust during the third quarter worth $487,000. Finally, Bank of America Corp DE grew its holdings in Invesco CurrencyShares Australian Dollar Trust by 746.8% in the 1st quarter. Bank of America Corp DE now owns 6,859 shares of the exchange traded fund’s stock valued at $469,000 after buying an additional 6,049 shares in the last quarter.

About Invesco CurrencyShares Australian Dollar Trust

Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.