Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Share Price Cross Below 200 Day Moving Average – Should You Sell?

Shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.70 and traded as low as $57.83. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.26, with a volume of 253,360 shares changing hands.

Invesco CurrencyShares Japanese Yen Trust Stock Up 1.4%

The firm has a market cap of $483.56 million, a PE ratio of -117.92 and a beta of 0.19. The company has a 50-day simple moving average of $58.74 and a two-hundred day simple moving average of $59.70.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in FXY. JPMorgan Chase & Co. purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the second quarter worth about $148,935,000. Truffle Hound Capital LLC purchased a new position in Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at about $6,221,000. Broussard Financial Group LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 4th quarter valued at approximately $4,787,000. Thrivent Financial for Lutherans bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 2nd quarter valued at approximately $3,827,000. Finally, Advisory Services Network LLC increased its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 236.3% during the 2nd quarter. Advisory Services Network LLC now owns 55,592 shares of the exchange traded fund’s stock worth $3,396,000 after purchasing an additional 39,062 shares during the last quarter.

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.