Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Sees Significant Increase in Short Interest

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,011,195 shares, an increase of 98.4% from the May 14th total of 509,694 shares. Currently, 24.7% of the company’s shares are short sold. Based on an average trading volume of 175,269 shares, the days-to-cover ratio is currently 5.8 days.

Invesco CurrencyShares Euro Trust Trading Down 0.0%

Shares of FXE stock traded down $0.05 on Friday, reaching $106.83. The company had a trading volume of 107,429 shares, compared to its average volume of 218,098. The stock has a market cap of $438.00 million, a PE ratio of -92.16 and a beta of 0.17. The company has a 50-day moving average of $107.63 and a 200-day moving average of $107.86. Invesco CurrencyShares Euro Trust has a 12 month low of $105.28 and a 12 month high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, June 1st were paid a $0.0653 dividend. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Trading of Invesco CurrencyShares Euro Trust

A number of institutional investors and hedge funds have recently modified their holdings of FXE. BNP Paribas Financial Markets acquired a new position in shares of Invesco CurrencyShares Euro Trust in the 2nd quarter valued at approximately $10,879,000. Empowered Funds LLC bought a new stake in Invesco CurrencyShares Euro Trust during the 4th quarter worth approximately $8,224,000. Virtu Financial LLC bought a new stake in Invesco CurrencyShares Euro Trust during the 3rd quarter worth approximately $2,981,000. Raymond James Financial Inc. increased its stake in Invesco CurrencyShares Euro Trust by 37.3% during the 2nd quarter. Raymond James Financial Inc. now owns 93,269 shares of the exchange traded fund’s stock worth $10,147,000 after purchasing an additional 25,356 shares in the last quarter. Finally, Creative Planning increased its stake in Invesco CurrencyShares Euro Trust by 631.9% during the 3rd quarter. Creative Planning now owns 28,114 shares of the exchange traded fund’s stock worth $3,047,000 after purchasing an additional 24,273 shares in the last quarter.

About Invesco CurrencyShares Euro Trust

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.