Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Shares Shorted: Short Interest Up 49.0% in September

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 87,436 shares, an increase of 49.0% from the August 31st total of 58,681 shares. Approximately 8.3% of the company’s stock are sold short. Based on an average daily volume of 32,330 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Invesco CurrencyShares Canadian Dollar Trust stock. Charles Schwab Trust Co purchased a new stake in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the exchange traded fund’s stock, valued at approximately $345,000. Charles Schwab Trust Co owned approximately 0.45% of Invesco CurrencyShares Canadian Dollar Trust as of its most recent SEC filing.

Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.1%

FXC stock traded down $0.10 during midday trading on Friday, hitting $68.54. The company’s stock had a trading volume of 6,967 shares, compared to its average volume of 42,260. The company’s fifty day moving average price is $70.00 and its 200 day moving average price is $70.23. Invesco CurrencyShares Canadian Dollar Trust has a twelve month low of $68.45 and a twelve month high of $72.47.

About Invesco CurrencyShares Canadian Dollar Trust

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.