Invesco CurrencyShares® Chinese Renminbi Trust is a grantor trust. The Trust issues shares in blocks of 50,000 (a Basket) in exchange for deposits of Chinese Renminbi and distributes Chinese Renminbi in connection with the redemption of Baskets. The investment objective of the Trust is for the shares to reflect the price in United States Dollars of the Chinese Renminbi plus accrued interest, if any, less the expenses of the Trust's operations. We show 1 historical shares outstanding datapoints in our coverage of FXCH's shares outstanding history.
Understanding the changing numbers of FXCH shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like FXCH versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching FXCH by allowing them to research FXCH shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
