Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Share Price Cross Below Two Hundred Day Moving Average – Here’s What Happened

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $61.01 and traded as low as $60.98. Invesco CurrencyShares Japanese Yen Trust shares last traded at $61.04, with a volume of 446,439 shares traded.

Invesco CurrencyShares Japanese Yen Trust Stock Up 0.9 %

The company’s 50-day simple moving average is $61.00 and its 200 day simple moving average is $60.99. The stock has a market capitalization of $412.52 million, a price-to-earnings ratio of -114.95 and a beta of 0.16.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at about $7,513,000. Commonwealth Equity Services LLC boosted its stake in Invesco CurrencyShares Japanese Yen Trust by 3.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 26,964 shares of the exchange traded fund’s stock valued at $1,581,000 after purchasing an additional 1,020 shares during the period. Captrust Financial Advisors grew its holdings in Invesco CurrencyShares Japanese Yen Trust by 1.6% in the 4th quarter. Captrust Financial Advisors now owns 23,977 shares of the exchange traded fund’s stock valued at $1,406,000 after buying an additional 387 shares during the last quarter. HBW Advisory Services LLC increased its position in Invesco CurrencyShares Japanese Yen Trust by 25.4% in the 4th quarter. HBW Advisory Services LLC now owns 14,526 shares of the exchange traded fund’s stock worth $852,000 after buying an additional 2,943 shares during the period. Finally, National Bank of Canada FI increased its position in Invesco CurrencyShares Japanese Yen Trust by 25.4% in the 3rd quarter. National Bank of Canada FI now owns 14,452 shares of the exchange traded fund’s stock worth $929,000 after buying an additional 2,924 shares during the period.

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.