Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Short Interest Up 143.8% in April

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 439,176 shares, a growth of 143.8% from the April 15th total of 180,137 shares. Based on an average trading volume of 251,171 shares, the short-interest ratio is presently 1.7 days. Currently, 5.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

A number of hedge funds have recently added to or reduced their stakes in FXY. Fifth Third Bancorp acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the first quarter valued at approximately $32,000. International Assets Investment Management LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at approximately $45,000. Newbridge Financial Services Group Inc. grew its stake in Invesco CurrencyShares Japanese Yen Trust by 50.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 300 shares during the period. BNP Paribas Financial Markets acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at approximately $81,000. Finally, Clearstead Advisors LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at approximately $82,000.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

Invesco CurrencyShares Japanese Yen Trust stock traded down $0.15 during mid-day trading on Friday, reaching $57.85. The stock had a trading volume of 317,922 shares, compared to its average volume of 213,788. Invesco CurrencyShares Japanese Yen Trust has a fifty-two week low of $57.22 and a fifty-two week high of $64.72. The stock’s 50-day simple moving average is $57.83 and its 200-day simple moving average is $58.63. The firm has a market capitalization of $433.88 million, a PE ratio of -117.92 and a beta of 0.20.

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.