Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Short Interest Update

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 437,133 shares, a drop of 23.9% from the February 26th total of 574,611 shares. Based on an average daily volume of 277,471 shares, the short-interest ratio is presently 1.6 days. Currently, 10.2% of the shares of the stock are sold short.

Invesco CurrencyShares Euro Trust Stock Down 0.5%

Shares of FXE stock traded down $0.52 during trading hours on Monday, hitting $105.79. 241,178 shares of the company’s stock were exchanged, compared to its average volume of 208,246. The firm has a market cap of $454.90 million, a P/E ratio of -92.16 and a beta of 0.18. The firm has a 50 day moving average of $108.16 and a two-hundred day moving average of $107.79. Invesco CurrencyShares Euro Trust has a fifty-two week low of $99.53 and a fifty-two week high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.0667 dividend. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its position in shares of Invesco CurrencyShares Euro Trust by 131.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,825 shares of the exchange traded fund’s stock valued at $632,000 after purchasing an additional 3,309 shares during the period. Compound Planning Inc. acquired a new position in shares of Invesco CurrencyShares Euro Trust during the 4th quarter worth about $215,000. Osaic Holdings Inc. lifted its stake in Invesco CurrencyShares Euro Trust by 33.8% in the 4th quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock valued at $130,000 after buying an additional 303 shares in the last quarter. Advisory Services Network LLC lifted its stake in Invesco CurrencyShares Euro Trust by 4.7% in the 4th quarter. Advisory Services Network LLC now owns 46,880 shares of the exchange traded fund’s stock valued at $5,084,000 after buying an additional 2,123 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Invesco CurrencyShares Euro Trust by 176.3% in the 4th quarter. Royal Bank of Canada now owns 10,299 shares of the exchange traded fund’s stock worth $1,117,000 after buying an additional 6,571 shares during the last quarter.

Invesco CurrencyShares Euro Trust Company Profile

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of euro plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.