Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $59.50 and traded as low as $57.25. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.36, with a volume of 175,311 shares traded.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The firm has a market cap of $476.09 million, a P/E ratio of -117.92 and a beta of 0.19. The company’s 50 day moving average is $58.69 and its 200 day moving average is $59.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Comerica Bank bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter worth $96,000. Goldman Sachs Group Inc. raised its position in Invesco CurrencyShares Japanese Yen Trust by 33.7% in the first quarter. Goldman Sachs Group Inc. now owns 66,847 shares of the exchange traded fund’s stock valued at $4,111,000 after purchasing an additional 16,847 shares during the last quarter. Creative Planning bought a new position in Invesco CurrencyShares Japanese Yen Trust in the second quarter valued at about $461,000. CreativeOne Wealth LLC acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the second quarter valued at about $433,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 433.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 650 shares in the last quarter.

About Invesco CurrencyShares Japanese Yen Trust

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.