Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Get Free Report) saw unusually large options trading on Thursday. Stock traders bought 12,985 call options on the company. This represents an increase of 327% compared to the average volume of 3,043 call options.
Invesco CurrencyShares Japanese Yen Trust Trading Up 2.7%
NYSEARCA FXY traded up $1.52 during mid-day trading on Thursday, reaching $57.65. 1,539,119 shares of the company’s stock traded hands, compared to its average volume of 207,622. The company has a market cap of $446.81 million, a price-to-earnings ratio of -117.92 and a beta of 0.20. Invesco CurrencyShares Japanese Yen Trust has a 1-year low of $55.96 and a 1-year high of $63.26. The company has a fifty day simple moving average of $56.88 and a 200-day simple moving average of $57.81.
Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cibc World Market Inc. lifted its stake in Invesco CurrencyShares Japanese Yen Trust by 11.7% in the 4th quarter. Cibc World Market Inc. now owns 151,546 shares of the exchange traded fund’s stock worth $8,891,000 after acquiring an additional 15,903 shares in the last quarter. Broussard Financial Group LLC raised its holdings in Invesco CurrencyShares Japanese Yen Trust by 22.6% in the 1st quarter. Broussard Financial Group LLC now owns 100,008 shares of the exchange traded fund’s stock valued at $5,788,000 after acquiring an additional 18,414 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 33.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,847 shares of the exchange traded fund’s stock worth $4,111,000 after acquiring an additional 16,847 shares during the period. LPL Financial LLC boosted its stake in Invesco CurrencyShares Japanese Yen Trust by 6.8% in the 4th quarter. LPL Financial LLC now owns 41,879 shares of the exchange traded fund’s stock valued at $2,457,000 after buying an additional 2,659 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Invesco CurrencyShares Japanese Yen Trust by 111.4% in the first quarter. Royal Bank of Canada now owns 35,358 shares of the exchange traded fund’s stock valued at $2,047,000 after buying an additional 18,630 shares in the last quarter.
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. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.
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