Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Short Interest Update

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 36,192 shares, a decrease of 29.1% from the March 31st total of 51,034 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 18,488 shares, the short-interest ratio is currently 2.0 days.

Invesco CurrencyShares Australian Dollar Trust Stock Up 0.4%

FXA stock opened at $71.18 on Tuesday. The business has a 50 day moving average of $69.86 and a 200-day moving average of $67.42. Invesco CurrencyShares Australian Dollar Trust has a 12-month low of $62.97 and a 12-month high of $71.44.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.0604 dividend. This is a boost from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, March 2nd.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the second quarter valued at approximately $33,000. Geneos Wealth Management Inc. grew its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% in the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 615 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco CurrencyShares Australian Dollar Trust by 147.0% in the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 522 shares during the last quarter. Clearstead Advisors LLC purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $83,000. Finally, Envestnet Asset Management Inc. purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $203,000.

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.