Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Pass Above Two Hundred Day Moving Average – What’s Next?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $67.71 and traded as high as $71.76. Invesco CurrencyShares Australian Dollar Trust shares last traded at $71.75, with a volume of 11,666 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The firm has a 50 day simple moving average of $70.01 and a two-hundred day simple moving average of $67.71.

Invesco CurrencyShares Australian Dollar Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a dividend of $0.0786 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a yield of 1.3%.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Several hedge funds have recently added to or reduced their stakes in the business. Cibc World Market Inc. raised its stake in Invesco CurrencyShares Australian Dollar Trust by 427.3% during the 4th quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock valued at $6,170,000 after acquiring an additional 75,637 shares in the last quarter. Cresset Asset Management LLC raised its stake in Invesco CurrencyShares Australian Dollar Trust by 10.7% during the 3rd quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock valued at $5,717,000 after acquiring an additional 8,412 shares in the last quarter. Jane Street Group LLC raised its stake in Invesco CurrencyShares Australian Dollar Trust by 156.0% during the 2nd quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock valued at $2,573,000 after acquiring an additional 24,043 shares in the last quarter. Haven Private LLC raised its stake in Invesco CurrencyShares Australian Dollar Trust by 1.8% during the 3rd quarter. Haven Private LLC now owns 9,447 shares of the exchange traded fund’s stock valued at $619,000 after acquiring an additional 169 shares in the last quarter. Finally, PFG Investments LLC bought a new stake in Invesco CurrencyShares Australian Dollar Trust during the 1st quarter valued at $515,000.

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.