Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Short Interest Down 38.7% in May

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 275,508 shares, a decline of 38.7% from the May 14th total of 449,215 shares. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily volume of 117,925 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Large investors have recently added to or reduced their stakes in the business. Broussard Financial Group LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust during the fourth quarter worth about $4,787,000. Camarda Financial Advisors LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust during the second quarter worth about $2,159,000. Quadrature Capital Ltd acquired a new stake in Invesco CurrencyShares Japanese Yen Trust during the fourth quarter worth about $1,531,000. Corient Private Wealth LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust during the second quarter worth about $1,605,000. Finally, Royal Bank of Canada increased its stake in 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 worth $2,047,000 after acquiring an additional 18,630 shares during the last quarter.

Invesco CurrencyShares Japanese Yen Trust Price Performance

Invesco CurrencyShares Japanese Yen Trust stock traded down $0.05 during trading hours on Tuesday, hitting $57.19. The stock had a trading volume of 127,272 shares, compared to its average volume of 200,315. The stock has a market capitalization of $428.93 million, a price-to-earnings ratio of -117.92 and a beta of 0.20. Invesco CurrencyShares Japanese Yen Trust has a 1-year low of $57.13 and a 1-year high of $64.40. The stock’s fifty day moving average is $57.71 and its two-hundred day moving average is $58.33.

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.