Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 17,009 call options on the stock. This represents an increase of approximately 486% compared to the typical daily volume of 2,901 call options.
Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in FXY. Royal Bank of Canada lifted its position in shares of Invesco CurrencyShares Japanese Yen Trust by 111.4% during the 1st quarter. Royal Bank of Canada now owns 35,358 shares of the exchange traded fund’s stock valued at $2,047,000 after buying an additional 18,630 shares during the last quarter. HBW Advisory Services LLC grew its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 4.8% during the 1st quarter. HBW Advisory Services LLC now owns 20,874 shares of the exchange traded fund’s stock worth $1,208,000 after acquiring an additional 952 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 1st quarter worth $32,000.
Invesco CurrencyShares Japanese Yen Trust Stock Performance
Shares of NYSEARCA FXY opened at $57.29 on Thursday. The stock has a market cap of $435.40 million, a price-to-earnings ratio of -117.92 and a beta of 0.21. Invesco CurrencyShares Japanese Yen Trust has a fifty-two week low of $55.96 and a fifty-two week high of $60.45. The firm’s 50-day simple moving average is $58.24 and its 200 day simple moving average is $57.88.
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.
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