Short Interest in Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Expands By 188.8%

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 324,111 shares, an increase of 188.8% from the June 30th total of 112,217 shares. Currently, 54.0% of the shares of the stock are sold short. Based on an average trading volume of 61,757 shares, the short-interest ratio is currently 5.2 days.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Invesco CurrencyShares British Pound Sterling Trust by 6.9% in the 1st quarter. Royal Bank of Canada now owns 5,046 shares of the exchange traded fund’s stock valued at $643,000 after purchasing an additional 325 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Invesco CurrencyShares British Pound Sterling Trust in the 2nd quarter valued at $52,000. Dunhill Financial LLC lifted its stake in shares of Invesco CurrencyShares British Pound Sterling Trust by 225.0% during the 4th quarter. Dunhill Financial LLC now owns 585 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 405 shares during the period. Klingenstein Fields & Co. LP boosted its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 20.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,800 shares of the exchange traded fund’s stock worth $623,000 after purchasing an additional 800 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 30.8% in the first quarter. Bank of America Corp DE now owns 3,542 shares of the exchange traded fund’s stock valued at $451,000 after purchasing an additional 835 shares during the period.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.0%

Shares of NYSEARCA FXB opened at $127.84 on Wednesday. The firm’s 50-day moving average is $128.46 and its two-hundred day moving average is $129.18. Invesco CurrencyShares British Pound Sterling Trust has a 12-month low of $125.02 and a 12-month high of $133.11.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.2154 per share. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, July 1st.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

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