Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders purchased 12,295 call options on the stock. This represents an increase of 222% compared to the average daily volume of 3,819 call options.
Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust
A number of institutional investors have recently added to or reduced their stakes in FXY. Comerica Bank purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the first quarter worth approximately $96,000. Goldman Sachs Group Inc. boosted its position in shares of Invesco CurrencyShares Japanese Yen Trust by 33.7% during the first quarter. Goldman Sachs Group Inc. now owns 66,847 shares of the exchange traded fund’s stock valued at $4,111,000 after buying an additional 16,847 shares during the last quarter. Camarda Financial Advisors LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the second quarter valued at approximately $2,159,000. Ameriprise Financial Inc. bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the second quarter worth $248,000. Finally, Two Sigma Securities LLC bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the second quarter worth $459,000.
Invesco CurrencyShares Japanese Yen Trust Price Performance
Shares of FXY stock traded up $1.26 during mid-day trading on Thursday, hitting $58.99. The stock had a trading volume of 309,513 shares, compared to its average volume of 224,171. Invesco CurrencyShares Japanese Yen Trust has a fifty-two week low of $55.96 and a fifty-two week high of $63.26. The firm has a market cap of $457.16 million, a PE ratio of -117.92 and a beta of 0.19. The company’s 50-day simple moving average is $57.07 and its 200-day simple moving average is $57.60.
About Invesco CurrencyShares Japanese Yen Trust
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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