Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Pass Below Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $61.12 and traded as low as $58.71. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.75, with a volume of 113,828 shares traded.

Invesco CurrencyShares Japanese Yen Trust Stock Down 0.1 %

The firm’s 50-day simple moving average is $60.39 and its 200-day simple moving average is $61.12. The firm has a market capitalization of $366.69 million, a PE ratio of -111.06 and a beta of 0.10.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several institutional investors have recently bought and sold shares of FXY. Private Wealth Advisors LLC boosted its position in Invesco CurrencyShares Japanese Yen Trust by 54.9% during the 3rd quarter. Private Wealth Advisors LLC now owns 59,809 shares of the exchange traded fund’s stock valued at $3,850,000 after buying an additional 21,204 shares during the period. Pekin Hardy Strauss Inc. raised its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 174.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 21,789 shares of the exchange traded fund’s stock valued at $1,401,000 after acquiring an additional 13,859 shares during the last quarter. HBW Advisory Services LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the third quarter worth about $745,000. Marathon Trading Investment Management LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the second quarter worth about $431,000. Finally, Walleye Trading LLC grew its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 109.2% in the third quarter. Walleye Trading LLC now owns 10,460 shares of the exchange traded fund’s stock worth $673,000 after purchasing an additional 5,460 shares during the last quarter.

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.