Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Pass Below Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $58.40 and traded as low as $57.25. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.31, with a volume of 132,979 shares changing hands.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The company has a market cap of $429.83 million, a P/E ratio of -117.92 and a beta of 0.20. The business has a 50 day moving average price of $57.75 and a two-hundred day moving average price of $58.40.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FXY. Comerica Bank purchased a new position in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at about $96,000. Goldman Sachs Group Inc. grew its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 33.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,847 shares of the exchange traded fund’s stock worth $4,111,000 after buying an additional 16,847 shares during the last quarter. Camarda Financial Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter worth approximately $2,159,000. Ameriprise Financial Inc. purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter worth approximately $248,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter worth approximately $459,000.

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.