Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Pass Above 200-Day Moving Average – Here’s Why

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $64.29 and traded as high as $64.51. Invesco CurrencyShares Australian Dollar Trust shares last traded at $64.48, with a volume of 3,124 shares traded.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The stock has a 50-day moving average of $64.86 and a two-hundred day moving average of $64.29.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Hedge funds have recently bought and sold shares of the company. Mutual Advisors LLC bought a new stake in Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter worth approximately $1,727,000. Cresset Asset Management LLC lifted its position in Invesco CurrencyShares Australian Dollar Trust by 7.9% in the 1st quarter. Cresset Asset Management LLC now owns 76,651 shares of the exchange traded fund’s stock worth $4,746,000 after buying an additional 5,589 shares during the last quarter. Jane Street Group LLC increased its stake in Invesco CurrencyShares Australian Dollar Trust by 156.0% in the 2nd quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock worth $2,573,000 after purchasing an additional 24,043 shares during the period. Geneos Wealth Management Inc. increased its stake in Invesco CurrencyShares Australian Dollar Trust by 246.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 615 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter worth approximately $33,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

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.