Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Short Interest Update

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 51,034 shares, an increase of 55.9% from the March 15th total of 32,739 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily volume of 34,045 shares, the short-interest ratio is presently 1.5 days.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

Shares of FXA stock opened at $71.07 on Thursday. Invesco CurrencyShares Australian Dollar Trust has a 12-month low of $62.96 and a 12-month high of $71.17. The firm’s 50 day moving average is $69.70 and its 200 day moving average is $67.08.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.0604 dividend. This is an increase from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

A number of hedge funds have recently bought and sold shares of the company. Cresset Asset Management LLC boosted its position in Invesco CurrencyShares Australian Dollar Trust by 10.7% in the third quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock worth $5,717,000 after purchasing an additional 8,412 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter valued at about $83,000. Cibc World Market Inc. lifted its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 61.4% in the 3rd quarter. Cibc World Market Inc. now owns 17,700 shares of the exchange traded fund’s stock worth $1,160,000 after purchasing an additional 6,735 shares during the period. Haven Private LLC lifted its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 1.8% in the 3rd quarter. Haven Private LLC now owns 9,447 shares of the exchange traded fund’s stock worth $619,000 after purchasing an additional 169 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the fourth quarter worth approximately $260,000.

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. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.