Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Cross Above 200 Day Moving Average – Time to Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $62.90 and traded as high as $65.03. Invesco CurrencyShares Australian Dollar Trust shares last traded at $64.80, with a volume of 85,673 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The company’s 50 day moving average price is $64.27 and its two-hundred day moving average price is $62.90.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

A hedge fund recently raised its stake in Invesco CurrencyShares Australian Dollar Trust stock. Cresset Asset Management LLC boosted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,651 shares of the exchange traded fund’s stock after buying an additional 5,589 shares during the quarter. Cresset Asset Management LLC owned approximately 6.39% of Invesco CurrencyShares Australian Dollar Trust worth $4,746,000 as of its most recent SEC filing.

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.