Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Cross Below 200 Day Moving Average of $61.43

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $61.43 and traded as low as $57.92. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.96, with a volume of 50,733 shares trading hands.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The company has a 50 day moving average price of $59.14 and a 200 day moving average price of $61.40. The firm has a market cap of $359.66 million, a price-to-earnings ratio of -111.06 and a beta of 0.10.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several large investors have recently modified their holdings of the business. Walleye Trading LLC acquired a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at $306,000. Delos Wealth Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at $67,000. Private Wealth Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at $2,297,000. Leuthold Group LLC raised its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 278.8% in the 1st quarter. Leuthold Group LLC now owns 71,373 shares of the exchange traded fund’s stock valued at $4,370,000 after buying an additional 52,530 shares during the period. Finally, Delphi Financial Group Inc. raised its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 25.0% in the 1st quarter. Delphi Financial Group Inc. now owns 8,000 shares of the exchange traded fund’s stock valued at $490,000 after buying an additional 1,600 shares during the period.

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.