Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $65.92 and traded as low as $63.63. Invesco CurrencyShares Australian Dollar Trust shares last traded at $63.85, with a volume of 5,225 shares traded.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The stock has a fifty day moving average price of $65.55 and a 200 day moving average price of $65.92.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

A number of large investors have recently made changes to their positions in the stock. Fiduciary Financial Group LLC bought a new stake in Invesco CurrencyShares Australian Dollar Trust during the second quarter valued at $248,000. Flow Traders U.S. LLC bought a new stake in Invesco CurrencyShares Australian Dollar Trust during the third quarter valued at $309,000. Finally, Jane Street Group LLC boosted its stake in Invesco CurrencyShares Australian Dollar Trust by 34.5% during the third quarter. Jane Street Group LLC now owns 40,777 shares of the exchange traded fund’s stock valued at $2,793,000 after buying an additional 10,452 shares during the period.

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.