Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Trading at $69.20

Shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) shot up 0% during trading on Monday. The company traded as high as $69.31 and last traded at $69.20. Approximately 6,203 shares changed hands during trading, a decline of 84% from the average session volume of 39,611 shares. The stock had previously closed at $69.19.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The firm has a 50-day moving average of $69.54 and a two-hundred day moving average of $70.35.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Trust Co purchased a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust during the 2nd quarter worth about $345,000. Bank of America Corp DE increased its position in Invesco CurrencyShares Canadian Dollar Trust by 38.7% during the 1st quarter. Bank of America Corp DE now owns 4,702 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 1,311 shares in the last quarter. Finally, StoneX Group Inc. purchased a new position in Invesco CurrencyShares Canadian Dollar Trust in the third quarter valued at approximately $244,000.

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.