Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Down 38.7% in July

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 66,127 shares, a drop of 38.7% from the July 15th total of 107,918 shares. Currently, 6.6% of the shares of the company are short sold. Based on an average trading volume of 41,769 shares, the short-interest ratio is presently 1.6 days.

Invesco CurrencyShares Canadian Dollar Trust Stock Performance

Shares of NYSEARCA:FXC opened at $70.71 on Thursday. Invesco CurrencyShares Canadian Dollar Trust has a 12-month low of $68.64 and a 12-month high of $72.47. The business has a 50 day moving average of $69.46 and a 200-day moving average of $70.56.

Invesco CurrencyShares Canadian Dollar Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were issued a dividend of $0.0069 per share. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.01.

Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new position in Invesco CurrencyShares Canadian Dollar Trust during the 4th quarter worth $854,000. Ashton Thomas Private Wealth LLC boosted its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 17.8% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock valued at $2,442,000 after acquiring an additional 5,176 shares during the period. Virtu Financial LLC boosted its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the third quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock valued at $1,557,000 after acquiring an additional 13,741 shares during the period. Royal Bank of Canada grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after acquiring an additional 59,230 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after acquiring an additional 2,366 shares in the last quarter.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.