Short Interest in Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Rises By 62.0%

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 421,583 shares, an increase of 62.0% from the July 15th total of 260,166 shares. Currently, 5.4% of the company’s shares are sold short. Based on an average daily volume of 409,436 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Large investors have recently modified their holdings of the business. Broussard Financial Group LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at $4,787,000. Cibc World Market Inc. lifted its holdings in Invesco CurrencyShares Japanese Yen Trust by 11.7% during the 4th quarter. Cibc World Market Inc. now owns 151,546 shares of the exchange traded fund’s stock worth $8,891,000 after buying an additional 15,903 shares during the period. Royal Bank of Canada grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 111.4% in the 1st quarter. Royal Bank of Canada now owns 35,358 shares of the exchange traded fund’s stock valued at $2,047,000 after buying an additional 18,630 shares during the last quarter. HBW Advisory Services LLC grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 4.8% in the 1st quarter. HBW Advisory Services LLC now owns 20,874 shares of the exchange traded fund’s stock valued at $1,208,000 after buying an additional 952 shares during the last quarter. Finally, Signet Private Wealth LLC acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at about $437,000.

Invesco CurrencyShares Japanese Yen Trust Price Performance

NYSEARCA FXY traded down $0.05 during trading hours on Tuesday, reaching $57.48. The company’s stock had a trading volume of 128,468 shares, compared to its average volume of 220,789. The firm has a fifty day simple moving average of $56.95 and a 200-day simple moving average of $57.75. The stock has a market cap of $445.47 million, a P/E ratio of -117.92 and a beta of 0.19. Invesco CurrencyShares Japanese Yen Trust has a 52 week low of $55.96 and a 52 week high of $63.26.

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.