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

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

Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.4%

Invesco CurrencyShares Canadian Dollar Trust stock traded down $0.26 during trading on Tuesday, reaching $70.36. 11,179 shares of the company’s stock were exchanged, compared to its average volume of 43,488. Invesco CurrencyShares Canadian Dollar Trust has a 52-week low of $68.64 and a 52-week high of $72.47. The company’s 50-day moving average is $69.63 and its two-hundred day moving average is $70.50.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several hedge funds have recently modified their holdings of FXC. Royal Bank of Canada grew its position in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the 1st 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. Virtu Financial LLC boosted its stake in 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 worth $1,557,000 after purchasing an additional 13,741 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Invesco CurrencyShares Canadian Dollar Trust in the 4th quarter worth approximately $854,000. Charles Schwab Trust Co purchased a new position in Invesco CurrencyShares Canadian Dollar Trust during the 2nd quarter worth approximately $345,000. Finally, Envestnet Asset Management Inc. purchased a new position in Invesco CurrencyShares Canadian Dollar Trust during the 3rd quarter worth approximately $204,000.

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.