Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Sees Large Decrease in Short Interest

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 139,278 shares, a decline of 51.1% from the September 15th total of 284,929 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 241,327 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Invesco CurrencyShares Japanese Yen Trust

Hedge funds have recently made changes to their positions in the stock. Broussard Financial Group LLC boosted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 22.6% during the first quarter. Broussard Financial Group LLC now owns 100,008 shares of the exchange traded fund’s stock worth $5,788,000 after purchasing an additional 18,414 shares during the period. Royal Bank of Canada grew its position in Invesco CurrencyShares Japanese Yen Trust by 111.4% during the first quarter. Royal Bank of Canada now owns 35,358 shares of the exchange traded fund’s stock valued at $2,047,000 after purchasing an additional 18,630 shares in the last quarter. HBW Advisory Services LLC grew its position in Invesco CurrencyShares Japanese Yen Trust by 4.8% during the first quarter. HBW Advisory Services LLC now owns 20,874 shares of the exchange traded fund’s stock valued at $1,208,000 after purchasing an additional 952 shares in the last quarter. Fifth Third Bancorp acquired a new position in Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at approximately $32,000. Finally, Signet Private Wealth LLC increased its stake in Invesco CurrencyShares Japanese Yen Trust by 21.6% in the 1st quarter. Signet Private Wealth LLC now owns 9,067 shares of the exchange traded fund’s stock valued at $525,000 after buying an additional 1,613 shares during the period.

Invesco CurrencyShares Japanese Yen Trust Trading Down 0.0%

NYSEARCA FXY traded down $0.01 during trading on Wednesday, reaching $57.88. 127,962 shares of the company’s stock were exchanged, compared to its average volume of 221,923. Invesco CurrencyShares Japanese Yen Trust has a fifty-two week low of $55.96 and a fifty-two week high of $61.26. The firm has a market capitalization of $448.57 million, a PE ratio of -117.92 and a beta of 0.19. The company’s fifty day simple moving average is $58.12 and its 200-day simple moving average is $57.60.

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.