Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Price Cross Below 50 Day Moving Average – What’s Next?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $59.14 and traded as low as $58.60. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.78, with a volume of 112,515 shares trading hands.

Invesco CurrencyShares Japanese Yen Trust Trading Up 0.3%

The firm has a fifty day simple moving average of $59.14 and a two-hundred day simple moving average of $61.12. The stock has a market cap of $476.12 million, a PE ratio of -117.92 and a beta of 0.19.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 433.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 650 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the second quarter worth about $75,000. BNP Paribas Financial Markets bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the third quarter worth about $81,000. Clearstead Advisors LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter worth about $82,000. Finally, Comerica Bank bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at about $96,000.

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. 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.