Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Pass Above 200-Day Moving Average – Here’s Why

Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $67.25 and traded as high as $71.17. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.68, with a volume of 17,689 shares.

Invesco CurrencyShares Australian Dollar Trust Stock Down 0.6%

The company has a 50 day simple moving average of $69.80 and a two-hundred day simple moving average of $67.25.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cibc World Market Inc. boosted its stake in Invesco CurrencyShares Australian Dollar Trust by 427.3% in the 4th quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock worth $6,170,000 after purchasing an additional 75,637 shares during the period. Cresset Asset Management LLC boosted its stake 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 worth $5,717,000 after purchasing an additional 8,412 shares during the period. Jane Street Group LLC boosted its stake in Invesco CurrencyShares Australian Dollar Trust by 156.0% in the 2nd quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock worth $2,573,000 after purchasing an additional 24,043 shares during the period. Haven Private LLC boosted its stake in 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, Flow Traders U.S. LLC bought a new position in Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter worth approximately $487,000.

About Invesco CurrencyShares Australian Dollar Trust

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.