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

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $60.34 and traded as low as $59.49. Invesco CurrencyShares Japanese Yen Trust shares last traded at $59.57, with a volume of 480,999 shares traded.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The business has a fifty day simple moving average of $58.82 and a 200 day simple moving average of $60.34. The stock has a market cap of $494.43 million, a price-to-earnings ratio of -117.92 and a beta of 0.19.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust in the 4th quarter worth approximately $45,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 433.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 650 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 50.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 300 shares during the period. Delos Wealth Advisors LLC acquired a new position in Invesco CurrencyShares Japanese Yen Trust in the second quarter valued at $75,000. Finally, BNP Paribas Financial Markets acquired a new position in Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at $81,000.

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.