Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Sees Significant Increase in Short Interest

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 21,735 shares, an increase of 115.6% from the November 30th total of 10,081 shares. Based on an average daily trading volume, of 12,747 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.9% of the shares of the company are sold short. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 12,747 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

A number of institutional investors have recently bought and sold shares of FXA. Haven Private LLC increased its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 1.8% during the third quarter. Haven Private LLC now owns 9,447 shares of the exchange traded fund’s stock worth $619,000 after purchasing an additional 169 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the second quarter valued at approximately $33,000. Bank of America Corp DE grew its position in Invesco CurrencyShares Australian Dollar Trust by 147.0% during the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 522 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Invesco CurrencyShares Australian Dollar Trust by 246.0% during the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 615 shares in the last quarter. Finally, Clearstead Advisors LLC bought a new position in Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter worth $83,000.

Invesco CurrencyShares Australian Dollar Trust Stock Up 0.1%

Shares of FXA traded up $0.06 during midday trading on Friday, reaching $66.52. 6,337 shares of the stock were exchanged, compared to its average volume of 21,026. The stock’s 50 day simple moving average is $65.00 and its 200 day simple moving average is $64.83. Invesco CurrencyShares Australian Dollar Trust has a twelve month low of $58.90 and a twelve month high of $66.61.

About Invesco CurrencyShares Australian Dollar Trust

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