Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Sees Large Growth in Short Interest

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 439,176 shares, an increase of 143.8% from the April 15th total of 180,137 shares. Based on an average daily trading volume, of 251,171 shares, the days-to-cover ratio is currently 1.7 days. Currently, 5.9% of the shares of the stock are sold short.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

NYSEARCA FXY traded down $0.11 on Friday, hitting $57.90. The stock had a trading volume of 132,253 shares, compared to its average volume of 211,743. The company has a market capitalization of $434.21 million, a price-to-earnings ratio of -117.92 and a beta of 0.20. Invesco CurrencyShares Japanese Yen Trust has a 52-week low of $57.22 and a 52-week high of $64.72. The firm has a 50-day moving average of $57.85 and a 200-day moving average of $58.64.

Institutional Trading of Invesco CurrencyShares Japanese Yen Trust

A number of large investors have recently modified their holdings of the business. HBW Advisory Services LLC grew its holdings in shares of 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 purchasing an additional 952 shares in the last quarter. Fifth Third Bancorp bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the first quarter valued at approximately $32,000. Broussard Financial Group LLC grew its stake in Invesco CurrencyShares Japanese Yen Trust by 22.6% in the 1st quarter. Broussard Financial Group LLC now owns 100,008 shares of the exchange traded fund’s stock worth $5,788,000 after buying an additional 18,414 shares in the last quarter. Signet Private Wealth LLC increased its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 21.6% in the 1st quarter. Signet Private Wealth LLC now owns 9,067 shares of the exchange traded fund’s stock worth $525,000 after buying an additional 1,613 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the 4th quarter valued at $1,531,000.

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.