Short Interest in Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Declines By 41.7%

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 526,764 shares, a decrease of 41.7% from the August 15th total of 903,062 shares. Approximately 16.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 71,898 shares, the days-to-cover ratio is currently 7.3 days.

Invesco CurrencyShares Euro Trust Trading Up 0.1%

Shares of NYSEARCA:FXE traded up $0.06 on Thursday, hitting $105.91. The company had a trading volume of 81,825 shares, compared to its average volume of 166,498. The company has a market cap of $324.08 million, a PE ratio of -92.16 and a beta of 0.17. Invesco CurrencyShares Euro Trust has a 52-week low of $104.60 and a 52-week high of $111.54. The business has a 50 day moving average of $106.45 and a 200 day moving average of $106.81.

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

Several hedge funds have recently modified their holdings of FXE. Bank of America Corp DE boosted its position in Invesco CurrencyShares Euro Trust by 58.7% during the first quarter. Bank of America Corp DE now owns 35,723 shares of the exchange traded fund’s stock worth $3,811,000 after acquiring an additional 13,215 shares during the last quarter. Avalon Capital Management acquired a new position in Invesco CurrencyShares Euro Trust in the 4th quarter valued at $538,000. Royal Bank of Canada raised its holdings in Invesco CurrencyShares Euro Trust by 37.7% in the 1st quarter. Royal Bank of Canada now owns 14,184 shares of the exchange traded fund’s stock valued at $1,514,000 after acquiring an additional 3,885 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Invesco CurrencyShares Euro Trust by 131.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,825 shares of the exchange traded fund’s stock worth $632,000 after purchasing an additional 3,309 shares during the period. Finally, Verus Capital Partners LLC lifted its stake in shares of Invesco CurrencyShares Euro Trust by 89.8% during the 4th quarter. Verus Capital Partners LLC now owns 6,351 shares of the exchange traded fund’s stock worth $689,000 after purchasing an additional 3,004 shares during the period.

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.