Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Price Cross Below 200-Day Moving Average – Here’s What Happened

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXYGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.48 and traded as low as $57.56. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.65, with a volume of 109,878 shares traded.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The stock has a market cap of $432.38 million, a P/E ratio of -117.92 and a beta of 0.20. The firm’s 50 day moving average is $57.79 and its 200 day moving average is $58.48.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Broussard Financial Group LLC acquired a new position in Invesco CurrencyShares Japanese Yen Trust during the 4th quarter valued at approximately $4,787,000. Cibc World Market Inc. boosted its holdings in Invesco CurrencyShares Japanese Yen Trust by 26.1% during the third quarter. Cibc World Market Inc. now owns 135,643 shares of the exchange traded fund’s stock worth $8,438,000 after buying an additional 28,082 shares in the last quarter. Truffle Hound Capital LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the third quarter worth $6,221,000. HBW Advisory Services LLC boosted its holdings in Invesco CurrencyShares Japanese Yen Trust by 4.8% during the first quarter. HBW Advisory Services LLC now owns 20,874 shares of the exchange traded fund’s stock worth $1,208,000 after buying an additional 952 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the first quarter worth $32,000.

About Invesco CurrencyShares Japanese Yen Trust

(Get Free Report)

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.

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