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) shares passed 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 trading hands.

Invesco CurrencyShares Japanese Yen Trust Price Performance

The company has a 50 day moving average price of $60.39 and a 200-day moving average price of $61.12. The stock 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

A number of large investors have recently modified their holdings of the stock. National Bank of Canada FI raised its position in shares of 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 acquiring an additional 2,924 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Invesco CurrencyShares Japanese Yen Trust by 6.1% during the third quarter. Captrust Financial Advisors now owns 23,590 shares of the exchange traded fund’s stock valued at $1,517,000 after purchasing an additional 1,362 shares in the last quarter. Walleye Trading LLC grew its stake in 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 period. Independent Advisor Alliance bought a new position in Invesco CurrencyShares Japanese Yen Trust in the third quarter worth $294,000. Finally, Pekin Hardy Strauss Inc. lifted its position in 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 buying an additional 13,859 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.