Stock Traders Purchase Large Volume of Put Options on Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)

Invesco CurrencyShares Euro Trust (NYSEARCA:FXEGet Free Report) was the target of unusually large options trading activity on Thursday. Stock investors bought 5,687 put options on the company. This represents an increase of 670% compared to the typical daily volume of 739 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Euro Trust during the 4th quarter valued at $27,000. Geneos Wealth Management Inc. purchased a new stake in Invesco CurrencyShares Euro Trust in the first quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Invesco CurrencyShares Euro Trust in the third quarter valued at about $90,000. Kestra Advisory Services LLC acquired a new stake in Invesco CurrencyShares Euro Trust in the fourth quarter worth about $110,000. Finally, Osaic Holdings Inc. boosted its holdings in Invesco CurrencyShares Euro Trust by 33.8% in the fourth quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock worth $130,000 after acquiring an additional 303 shares in the last quarter.

Invesco CurrencyShares Euro Trust Stock Up 0.1%

NYSEARCA:FXE traded up $0.06 during midday trading on Thursday, hitting $105.51. The stock had a trading volume of 85,356 shares, compared to its average volume of 201,769. The stock has a 50-day moving average of $106.77 and a 200 day moving average of $107.59. The company has a market capitalization of $369.29 million, a price-to-earnings ratio of -92.16 and a beta of 0.17. Invesco CurrencyShares Euro Trust has a one year low of $104.60 and a one year high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were issued a $0.0701 dividend. The ex-dividend date was Wednesday, July 1st. This is an increase from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 0.8%.

About Invesco CurrencyShares Euro Trust

(Get Free Report)

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.

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