Guggenheim CurrencyShares Canadian (NYSE:FXC) saw a significant drop in short interest in the month of October. As of October 13th, there was short interest totalling 373,486 shares, a drop of 32.2% from the September 29th total of 550,647 shares. Based on an average daily volume of 43,605 shares, the short-interest ratio is currently 8.6 days.
Several institutional investors and hedge funds have recently bought and sold shares of FXC. Fiduciary Trust Co. purchased a new stake in shares of Guggenheim CurrencyShares Canadian during the second quarter valued at approximately $141,000. Wells Fargo & Company MN raised its stake in shares of Guggenheim CurrencyShares Canadian by 4.7% during the second quarter. Wells Fargo & Company MN now owns 19,075 shares of the exchange traded fund’s stock valued at $1,451,000 after purchasing an additional 849 shares during the period. HAP Trading LLC purchased a new stake in shares of Guggenheim CurrencyShares Canadian during the second quarter valued at approximately $1,488,000. Goldman Sachs Group Inc. raised its stake in shares of Guggenheim CurrencyShares Canadian by 0.5% during the second quarter. Goldman Sachs Group Inc. now owns 38,151 shares of the exchange traded fund’s stock valued at $2,903,000 after purchasing an additional 193 shares during the period. Finally, Group One Trading L.P. purchased a new stake in shares of Guggenheim CurrencyShares Canadian during the second quarter valued at approximately $1,914,000.
Shares of Guggenheim CurrencyShares Canadian (NYSE:FXC) opened at $77.29 on Monday. Guggenheim CurrencyShares Canadian has a 12 month low of $71.70 and a 12 month high of $81.49.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Thursday, November 2nd will be paid a dividend of $0.0006 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.01%.
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Guggenheim CurrencyShares Canadian 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.
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