Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $62.28 and traded as low as $59.06. Invesco CurrencyShares Japanese Yen Trust shares last traded at $59.15, with a volume of 114,503 shares.

Invesco CurrencyShares Japanese Yen Trust Trading Down 0.2%

The company has a market cap of $485.03 million, a PE ratio of -117.92 and a beta of 0.19. The company’s 50 day moving average is $60.92 and its 200 day moving average is $62.28.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the second quarter valued at approximately $148,935,000. Federation des caisses Desjardins du Quebec raised its position in Invesco CurrencyShares Japanese Yen Trust by 34.2% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 1,018,666 shares of the exchange traded fund’s stock valued at $62,648,000 after purchasing an additional 259,826 shares in the last quarter. Cibc World Market Inc. raised its position in Invesco CurrencyShares Japanese Yen Trust by 26.1% during the 3rd quarter. Cibc World Market Inc. now owns 135,643 shares of the exchange traded fund’s stock valued at $8,438,000 after purchasing an additional 28,082 shares in the last quarter. Leuthold Group LLC lifted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 33.7% in the 2nd quarter. Leuthold Group LLC now owns 134,551 shares of the exchange traded fund’s stock worth $8,603,000 after buying an additional 33,900 shares during the period. Finally, Truffle Hound Capital LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter worth $6,221,000.

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.