Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Short Interest Up 176.2% in December

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 15,018 shares, an increase of 176.2% from the December 15th total of 5,437 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 31,290 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 31,290 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.3% of the company’s stock are short sold.

Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.1%

Invesco CurrencyShares Canadian Dollar Trust stock traded down $0.09 during mid-day trading on Thursday, reaching $70.28. 15,227 shares of the company were exchanged, compared to its average volume of 91,142. Invesco CurrencyShares Canadian Dollar Trust has a twelve month low of $66.52 and a twelve month high of $72.21. The firm’s 50-day simple moving average is $70.38 and its two-hundred day simple moving average is $70.56.

Invesco CurrencyShares Canadian Dollar Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were given a dividend of $0.0071 per share. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, January 2nd.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several institutional investors and hedge funds have recently modified their holdings of FXC. Geneos Wealth Management Inc. increased its stake in Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 225 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the third quarter worth $204,000. Fiduciary Financial Group LLC lifted its holdings in Invesco CurrencyShares Canadian Dollar Trust by 5.1% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock worth $237,000 after buying an additional 164 shares during the last quarter. MAI Capital Management boosted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock valued at $250,000 after buying an additional 3,550 shares during the period. Finally, Bank of America Corp DE lifted its stake in 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 buying an additional 2,366 shares during 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.