Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Sees Significant Growth in Short Interest

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 31,900 shares, an increase of 25.6% from the August 15th total of 25,400 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 4.6% of the company’s shares are short sold. Approximately 4.6% of the company’s shares are short sold. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 2.3 days.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

Shares of FXB opened at $131.13 on Thursday. Invesco CurrencyShares British Pound Sterling Trust has a 52-week low of $116.74 and a 52-week high of $132.44. The business’s 50 day moving average price is $129.47 and its two-hundred day moving average price is $128.24.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of institutional investors have recently modified their holdings of FXB. Klingenstein Fields & Co. LP acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the first quarter worth approximately $299,000. Geneos Wealth Management Inc. acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the first quarter worth approximately $1,537,000. Worth Asset Management LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth approximately $607,000. Haven Private LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth approximately $591,000. Finally, Bank of Montreal Can acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth approximately $560,000.

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.