Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Short Interest Down 38.7% in May

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 275,508 shares, a drop of 38.7% from the May 14th total of 449,215 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 117,925 shares, the short-interest ratio is currently 2.3 days.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

NYSEARCA FXY opened at $57.26 on Monday. The stock has a 50-day simple moving average of $57.72 and a two-hundred day simple moving average of $58.34. The firm has a market capitalization of $429.45 million, a P/E ratio of -117.92 and a beta of 0.20. Invesco CurrencyShares Japanese Yen Trust has a fifty-two week low of $57.13 and a fifty-two week high of $64.40.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several institutional investors and hedge funds have recently modified their holdings of FXY. Fifth Third Bancorp purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at about $32,000. International Assets Investment Management LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 4th quarter valued at about $45,000. Newbridge Financial Services Group Inc. increased its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 50.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter valued at about $81,000. Finally, Clearstead Advisors LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter valued at about $82,000.

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.