Short Interest in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Drops By 36.7%

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 41,887 shares, a decrease of 36.7% from the July 30th total of 66,127 shares. Based on an average daily volume of 19,749 shares, the days-to-cover ratio is currently 2.1 days. Currently, 4.2% of the shares of the stock are sold short.

Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.1%

Invesco CurrencyShares Canadian Dollar Trust stock traded up $0.08 during mid-day trading on Wednesday, reaching $70.44. The company had a trading volume of 2,713 shares, compared to its average volume of 43,245. Invesco CurrencyShares Canadian Dollar Trust has a 1 year low of $68.64 and a 1 year high of $72.47. The stock’s 50-day simple moving average is $69.67 and its 200-day simple moving average is $70.49.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several hedge funds have recently bought and sold shares of FXC. Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust during the 4th quarter worth about $854,000. Virtu Financial LLC raised its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the 3rd quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock valued at $1,557,000 after acquiring an additional 13,741 shares during the period. Royal Bank of Canada grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after buying an additional 59,230 shares in the last quarter. Bank of America Corp DE grew its holdings in Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,366 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Invesco CurrencyShares Canadian Dollar Trust in the third quarter valued at about $204,000.

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.