Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Cross Above Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.96 and traded as high as $71.32. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.23, with a volume of 138,790 shares changing hands.

Invesco CurrencyShares Canadian Dollar Trust Stock Up 1.0%

The company’s fifty day simple moving average is $69.83 and its 200-day simple moving average is $68.96.

Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust

Hedge funds have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in Invesco CurrencyShares Canadian Dollar Trust during the 4th quarter worth approximately $4,968,000. Royal Bank of Canada increased its stake in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after purchasing an additional 59,230 shares in the last quarter. Susquehanna International Group LLP increased its stake in Invesco CurrencyShares Canadian Dollar Trust by 71.4% during the 4th quarter. Susquehanna International Group LLP now owns 32,912 shares of the exchange traded fund’s stock worth $2,239,000 after purchasing an additional 13,712 shares in the last quarter. Jane Street Group LLC increased its stake in Invesco CurrencyShares Canadian Dollar Trust by 66.7% during the 4th quarter. Jane Street Group LLC now owns 23,280 shares of the exchange traded fund’s stock worth $1,584,000 after purchasing an additional 9,316 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the 1st quarter worth approximately $136,000.

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.