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

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 40,416 shares, a growth of 169.1% from the December 31st total of 15,018 shares. Based on an average trading volume of 91,511 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.7% of the company’s shares are sold short. Currently, 3.7% of the company’s shares are sold short. Based on an average trading volume of 91,511 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after purchasing an additional 59,230 shares in the last quarter. Virtu Financial LLC lifted 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 valued at $1,557,000 after buying an additional 13,741 shares in the last quarter. Haven Private LLC acquired a new stake in Invesco CurrencyShares Canadian Dollar Trust during the 2nd quarter valued at $610,000. Ashton Thomas Private Wealth LLC increased its position in Invesco CurrencyShares Canadian Dollar Trust by 17.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock worth $2,442,000 after buying an additional 5,176 shares in the last quarter. Finally, MAI Capital Management raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the third 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 during the last quarter.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.9%

Shares of FXC stock traded down $0.66 during trading on Friday, reaching $71.79. The company’s stock had a trading volume of 148,702 shares, compared to its average volume of 79,945. The stock’s 50-day moving average price is $70.75 and its 200 day moving average price is $70.52. Invesco CurrencyShares Canadian Dollar Trust has a 1-year low of $66.52 and a 1-year high of $72.47.

Invesco CurrencyShares Canadian Dollar Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were paid a $0.0071 dividend. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, January 2nd.

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.