Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Stock Pass Below 200-Day Moving Average – Here’s What Happened

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $99.29 and traded as low as $95.96. Invesco CurrencyShares Euro Trust shares last traded at $96.15, with a volume of 29,163 shares.

Invesco CurrencyShares Euro Trust Stock Performance

The firm’s fifty day simple moving average is $96.18 and its 200 day simple moving average is $99.29. The stock has a market capitalization of $177.88 million, a P/E ratio of -88.15 and a beta of 0.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FXE. Virtu Financial LLC increased its position in Invesco CurrencyShares Euro Trust by 302.6% during the 3rd quarter. Virtu Financial LLC now owns 39,030 shares of the exchange traded fund’s stock worth $4,015,000 after purchasing an additional 29,335 shares in the last quarter. Captrust Financial Advisors boosted its position in Invesco CurrencyShares Euro Trust by 3.0% during the 3rd quarter. Captrust Financial Advisors now owns 16,230 shares of the exchange traded fund’s stock worth $1,669,000 after buying an additional 470 shares during the period. Perigon Wealth Management LLC bought a new stake in Invesco CurrencyShares Euro Trust during the 4th quarter worth approximately $1,029,000. SMART Wealth LLC bought a new stake in Invesco CurrencyShares Euro Trust during the 3rd quarter worth approximately $912,000. Finally, Flow Traders U.S. LLC increased its position in Invesco CurrencyShares Euro Trust by 131.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 5,729 shares of the exchange traded fund’s stock valued at $589,000 after acquiring an additional 3,251 shares during the period.

About Invesco CurrencyShares Euro Trust

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of euro plus accrued interest.