Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Price Cross Below Two Hundred Day Moving Average – Here’s What Happened

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.70 and traded as low as $57.83. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.26, with a volume of 253,360 shares.

Invesco CurrencyShares Japanese Yen Trust Trading Up 1.4%

The stock has a fifty day simple moving average of $58.74 and a two-hundred day simple moving average of $59.70. The firm has a market cap of $483.56 million, a PE ratio of -117.92 and a beta of 0.19.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several hedge funds have recently bought and sold shares of FXY. International Assets Investment Management LLC bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the 4th quarter worth approximately $45,000. Steward Partners Investment Advisory LLC lifted its stake in Invesco CurrencyShares Japanese Yen Trust by 433.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 650 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Invesco CurrencyShares Japanese Yen Trust by 50.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 300 shares during the period. Delos Wealth Advisors LLC bought a new position in Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter valued at $75,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter valued at $81,000.

Invesco CurrencyShares Japanese Yen Trust Company Profile

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.