Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Share Price Pass Above 200-Day Moving Average – Should You Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $64.62 and traded as high as $65.58. Invesco CurrencyShares Australian Dollar Trust shares last traded at $65.47, with a volume of 11,693 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Stock Up 0.2%

The company has a fifty day moving average price of $64.67 and a two-hundred day moving average price of $64.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FXA. Mutual Advisors LLC acquired a new position in Invesco CurrencyShares Australian Dollar Trust in the second quarter valued at $1,727,000. Jane Street Group LLC grew its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 156.0% during the second quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock worth $2,573,000 after buying an additional 24,043 shares during the last quarter. Haven Private LLC acquired a new position in Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at about $605,000. Cresset Asset Management LLC increased its position in Invesco CurrencyShares Australian Dollar Trust by 10.7% in the 3rd quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock valued at $5,717,000 after acquiring an additional 8,412 shares during the period. Finally, Unconventional Investor LLC purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter valued at approximately $509,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets.