Invesco CurrencyShares Euro Trust Target of Unusually Large Options Trading (NYSEARCA:FXE)

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the target of some unusual options trading on Wednesday. Traders acquired 2,524 put options on the stock. This is an increase of 170% compared to the average volume of 936 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FXE. BNP Paribas Financial Markets purchased a new position in shares of Invesco CurrencyShares Euro Trust in the 2nd quarter valued at approximately $10,879,000. Empowered Funds LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust in the 4th quarter valued at approximately $8,224,000. Advisory Services Network LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust in the 2nd quarter valued at approximately $4,796,000. Virtu Financial LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust in the 3rd quarter valued at approximately $2,981,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Invesco CurrencyShares Euro Trust by 37.3% in the 2nd quarter. Raymond James Financial Inc. now owns 93,269 shares of the exchange traded fund’s stock valued at $10,147,000 after purchasing an additional 25,356 shares during the period.

Invesco CurrencyShares Euro Trust Stock Down 0.2%

Shares of NYSEARCA:FXE traded down $0.25 during trading on Thursday, hitting $108.68. The stock had a trading volume of 26,970 shares, compared to its average volume of 212,319. The company has a market capitalization of $451.02 million, a PE ratio of -92.16 and a beta of 0.18. The firm’s fifty day moving average is $107.73 and its 200 day moving average is $107.70. Invesco CurrencyShares Euro Trust has a 12 month low of $102.12 and a 12 month high of $111.54.

Invesco CurrencyShares Euro Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, April 1st were paid a $0.065 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, April 1st.

Invesco CurrencyShares Euro Trust Company Profile

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. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.