Aggressive’ Bearish Options Activity Seen in Guggenheim CurrencyShares Canadian

 Aggressive' Bearish Options Activity Seen in Guggenheim CurrencyShares Canadian

In today’s session Guggenheim CurrencyShares Canadian (FXC) recorded an unusually high (776) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious FXC decrease. With 776 contracts traded and 16224 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: FXC161216P00075000 closed last at: $1.8 or 2.9% up. The stock decreased 0.34% or $0.25 on November 23, hitting $73.26. Guggenheim CurrencyShares Canadian (NYSEARCA:FXC) has declined 6.31% since April 22, 2016 and is downtrending. It has underperformed by 11.71% the S&P500.

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The company has a market cap of $217.14 million. The Trust issues 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. It currently has negative earnings. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars.

FXC 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. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.

More notable recent Guggenheim CurrencyShares Canadian (NYSEARCA:FXC) news were published by: Benzinga.com which released: “Canadian ETFs Fall In Response To Interest Rate Cut” on July 16, 2015, also Globenewswire.com with their article: “Guggenheim CurrencyShares® Exchange Traded Products Declare Monthly Distributions” published on October 31, 2016, Benzinga.com published: “Aussie Dollar ETF Goes From Star to Laggard” on May 29, 2013. More interesting news about Guggenheim CurrencyShares Canadian (NYSEARCA:FXC) were released by: Theglobeandmail.com and their article: “Loonie enters period of seasonal strength” published on April 16, 2012 as well as Etfdailynews.com‘s news article titled: “These Japanese Currency ETFs Deserve Some Post-BOJ Attention” with publication date: September 22, 2016.

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