Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Price Pass Below 200-Day Moving Average – Here’s Why

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $61.20 and traded as low as $59.06. Invesco CurrencyShares Japanese Yen Trust shares last traded at $59.14, with a volume of 134,393 shares traded.

Invesco CurrencyShares Japanese Yen Trust Stock Down 0.6 %

The stock has a 50 day moving average price of $59.61 and a 200 day moving average price of $61.20. The stock has a market capitalization of $369.63 million, a price-to-earnings ratio of -111.06 and a beta of 0.10.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several institutional investors have recently added to or reduced their stakes in FXY. Private Wealth Advisors LLC lifted its stake in Invesco CurrencyShares Japanese Yen Trust by 54.9% in the third 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 position 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 worth $1,401,000 after purchasing an additional 13,859 shares during the period. HBW Advisory Services LLC acquired a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the third quarter worth approximately $745,000. Walleye Trading LLC raised its position in shares of Invesco CurrencyShares Japanese Yen Trust by 109.2% during 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 period. Finally, Diversify Wealth Management LLC acquired a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the third quarter worth approximately $284,000.

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.