Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.50 and traded as low as $57.25. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.36, with a volume of 175,311 shares trading hands.

Invesco CurrencyShares Japanese Yen Trust Price Performance

The firm has a market capitalization of $476.09 million, a P/E ratio of -117.92 and a beta of 0.19. The business’s 50-day moving average is $58.69 and its 200 day moving average is $59.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at approximately $45,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 433.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 650 shares during the period. Newbridge Financial Services Group Inc. grew its position in Invesco CurrencyShares Japanese Yen Trust by 50.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 300 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust during the second quarter worth approximately $75,000. Finally, BNP Paribas Financial Markets bought a new position in Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter worth $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.