Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Price Cross Below 200-Day Moving Average – What’s Next?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.88 and traded as low as $57.78. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.78, with a volume of 138,031 shares changing hands.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The business’s 50 day moving average price is $58.80 and its 200-day moving average price is $59.83. The company has a market cap of $477.58 million, a price-to-earnings ratio of -117.92 and a beta of 0.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust during the fourth quarter valued at approximately $45,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 433.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 650 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Invesco CurrencyShares Japanese Yen Trust by 50.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 300 shares during the period. Delos Wealth Advisors LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 2nd quarter worth approximately $75,000. Finally, BNP Paribas Financial Markets acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter valued at $81,000.

Invesco CurrencyShares Japanese Yen Trust Company Profile

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.