Invesco CurrencyShares Japanese Yen Trust Target of Unusually Large Options Trading (NYSEARCA:FXY)

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the target of some unusual options trading activity on Tuesday. Investors acquired 5,833 call options on the company. This is an increase of approximately 114% compared to the average daily volume of 2,721 call options.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 111.4% during the first quarter. Royal Bank of Canada now owns 35,358 shares of the exchange traded fund’s stock valued at $2,047,000 after purchasing an additional 18,630 shares in the last quarter. HBW Advisory Services LLC grew its position in 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 valued at $1,208,000 after buying an additional 952 shares during the period. Fifth Third Bancorp bought a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at $32,000. Broussard Financial Group LLC increased its position in Invesco CurrencyShares Japanese Yen Trust by 22.6% in the first 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. Finally, Signet Private Wealth LLC increased its holdings in 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 acquiring an additional 1,613 shares in the last quarter.

Invesco CurrencyShares Japanese Yen Trust Stock Up 0.1%

Shares of FXY stock traded up $0.06 during trading hours on Tuesday, hitting $56.65. 27,624 shares of the company’s stock traded hands, compared to its average volume of 198,410. The stock’s fifty day simple moving average is $57.45 and its two-hundred day simple moving average is $58.09. Invesco CurrencyShares Japanese Yen Trust has a 12-month low of $56.40 and a 12-month high of $63.26. The stock has a market cap of $430.51 million, a price-to-earnings ratio of -117.92 and a beta of 0.20.

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.