Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Sees Significant Increase in Short Interest

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,011,195 shares, a growth of 98.4% from the May 14th total of 509,694 shares. Currently, 24.7% of the company’s shares are short sold. Based on an average daily volume of 175,269 shares, the days-to-cover ratio is presently 5.8 days.

Invesco CurrencyShares Euro Trust Stock Performance

NYSEARCA:FXE traded down $0.05 on Friday, hitting $106.83. 107,429 shares of the stock were exchanged, compared to its average volume of 218,098. The stock has a market capitalization of $438.00 million, a price-to-earnings ratio of -92.16 and a beta of 0.17. Invesco CurrencyShares Euro Trust has a 52 week low of $105.28 and a 52 week high of $111.54. The company’s 50-day moving average price is $107.63 and its 200 day moving average price is $107.86.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were issued a dividend of $0.0653 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 0.7%. This is an increase from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.06.

Institutional Trading of Invesco CurrencyShares Euro Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in FXE. Avalon Capital Management bought a new stake in shares of Invesco CurrencyShares Euro Trust in the 4th quarter valued at about $538,000. Greenspring Advisors LLC increased its stake in shares of Invesco CurrencyShares Euro Trust by 11.1% in the 4th quarter. Greenspring Advisors LLC now owns 4,964 shares of the exchange traded fund’s stock valued at $538,000 after acquiring an additional 496 shares during the last quarter. Summit Place Financial Advisors LLC increased its stake in shares of Invesco CurrencyShares Euro Trust by 13.3% in the 4th quarter. Summit Place Financial Advisors LLC now owns 20,300 shares of the exchange traded fund’s stock valued at $2,202,000 after acquiring an additional 2,380 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Invesco CurrencyShares Euro Trust in the 4th quarter valued at about $27,000. Finally, Altfest L J & Co. Inc. bought a new stake in shares of Invesco CurrencyShares Euro Trust in the 4th quarter valued at about $254,000.

About Invesco CurrencyShares Euro Trust

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of euro plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.