Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $99.89 and traded as low as $95.56. Invesco CurrencyShares Euro Trust shares last traded at $95.66, with a volume of 30,123 shares traded.

Invesco CurrencyShares Euro Trust Stock Down 1.0 %

The firm’s 50 day simple moving average is $97.60 and its 200 day simple moving average is $99.86. The company has a market cap of $175.14 million, a price-to-earnings ratio of -88.15 and a beta of 0.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FXE. Virtu Financial LLC raised its position in shares of 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 buying an additional 29,335 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Invesco CurrencyShares Euro Trust by 3.0% during the third quarter. Captrust Financial Advisors now owns 16,230 shares of the exchange traded fund’s stock valued at $1,669,000 after acquiring an additional 470 shares during the period. SMART Wealth LLC bought a new stake in Invesco CurrencyShares Euro Trust during the third quarter worth approximately $912,000. Flow Traders U.S. LLC lifted its position in Invesco CurrencyShares Euro Trust by 131.2% in the third quarter. Flow Traders U.S. LLC now owns 5,729 shares of the exchange traded fund’s stock worth $589,000 after purchasing an additional 3,251 shares during the period. Finally, GFS Advisors LLC boosted its stake in Invesco CurrencyShares Euro Trust by 75.8% during the 3rd quarter. GFS Advisors LLC now owns 3,222 shares of the exchange traded fund’s stock valued at $331,000 after purchasing an additional 1,389 shares in the last quarter.

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.