Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Sees Unusually High Call Option Buying

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) saw some unusual options trading activity on Tuesday. Investors bought 17,009 call options on the company. This represents an increase of 486% compared to the typical daily volume of 2,901 call options.

Invesco CurrencyShares Japanese Yen Trust Stock Down 0.6%

FXY traded down $0.34 on Tuesday, hitting $57.70. The company’s stock had a trading volume of 98,813 shares, compared to its average volume of 217,804. The company’s 50 day simple moving average is $58.23 and its 200-day simple moving average is $57.89. The firm has a market cap of $418.36 million, a P/E ratio of -117.92 and a beta of 0.21. Invesco CurrencyShares Japanese Yen Trust has a 12 month low of $55.96 and a 12 month high of $60.45.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the first quarter worth $32,000. HBW Advisory Services LLC grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 4.8% in 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 purchasing an additional 952 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 111.4% during the 1st 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 during the period.

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.