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

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $58.69 and traded as low as $58.40. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.42, with a volume of 131,094 shares trading hands.

Invesco CurrencyShares Japanese Yen Trust Price Performance

The company has a fifty day simple moving average of $57.87 and a two-hundred day simple moving average of $58.69. The company has a market capitalization of $438.15 million, a P/E ratio of -117.92 and a beta of 0.20.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several institutional investors have recently bought and sold shares of FXY. Fifth Third Bancorp bought a new position in Invesco CurrencyShares Japanese Yen Trust during the first quarter valued at about $32,000. International Assets Investment Management LLC bought a new position in Invesco CurrencyShares Japanese Yen Trust during the fourth quarter valued at about $45,000. Newbridge Financial Services Group Inc. raised its holdings in Invesco CurrencyShares Japanese Yen Trust by 50.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 300 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Invesco CurrencyShares Japanese Yen Trust during the third quarter valued at about $81,000. Finally, Clearstead Advisors LLC bought a new position in Invesco CurrencyShares Japanese Yen Trust during the third quarter valued at about $82,000.

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.