Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Sees Large Drop in Short Interest

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 5,437 shares, a drop of 70.6% from the November 30th total of 18,490 shares. Based on an average daily volume of 22,473 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 22,473 shares, the days-to-cover ratio is currently 0.2 days.

Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.1%

FXC stock traded up $0.04 during midday trading on Friday, hitting $71.51. The company’s stock had a trading volume of 14,555 shares, compared to its average volume of 41,813. Invesco CurrencyShares Canadian Dollar Trust has a 12 month low of $66.52 and a 12 month high of $72.21. The company has a 50 day moving average of $70.10 and a two-hundred day moving average of $70.63.

Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 225 shares during the last quarter. Ancora Advisors LLC purchased a new position in Invesco CurrencyShares Canadian Dollar Trust during the 1st quarter valued at approximately $136,000. Envestnet Asset Management Inc. bought a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 3rd quarter worth approximately $204,000. Fiduciary Financial Group LLC raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 5.1% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock worth $237,000 after acquiring an additional 164 shares in the last quarter. Finally, MAI Capital Management raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% during the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 3,550 shares in the last quarter.

About Invesco CurrencyShares Canadian Dollar Trust

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.