Invesco CurrencyShares Euro Trust Target of Unusually High Options Trading (NYSEARCA:FXE)

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) saw unusually large options trading activity on Thursday. Stock traders bought 5,687 put options on the company. This represents an increase of 670% compared to the average daily volume of 739 put options.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Avalon Capital Management acquired a new stake in Invesco CurrencyShares Euro Trust during the 4th quarter valued at approximately $538,000. Bank of America Corp DE increased its stake in shares of Invesco CurrencyShares Euro Trust by 58.7% in the first quarter. Bank of America Corp DE now owns 35,723 shares of the exchange traded fund’s stock worth $3,811,000 after acquiring an additional 13,215 shares during the period. Royal Bank of Canada raised its holdings in shares of Invesco CurrencyShares Euro Trust by 37.7% during the first quarter. Royal Bank of Canada now owns 14,184 shares of the exchange traded fund’s stock worth $1,514,000 after purchasing an additional 3,885 shares during the last quarter. Cannell & Spears LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust during the first quarter worth $242,000. Finally, GFS Advisors LLC acquired a new position in Invesco CurrencyShares Euro Trust during the fourth quarter valued at $248,000.

Invesco CurrencyShares Euro Trust Price Performance

NYSEARCA:FXE traded down $0.12 during trading hours on Friday, hitting $105.30. 56,794 shares of the company were exchanged, compared to its average volume of 200,912. Invesco CurrencyShares Euro Trust has a 52-week low of $104.60 and a 52-week high of $111.54. The stock has a market capitalization of $368.55 million, a price-to-earnings ratio of -92.16 and a beta of 0.17. The company’s 50 day moving average price is $106.67 and its 200-day moving average price is $107.56.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.0701 per share. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, July 1st. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

Invesco CurrencyShares Euro Trust Company Profile

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of euro plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.