Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Sees Significant Increase in Short Interest

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) saw a significant increase in short interest in 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. Based on an average trading volume of 409,436 shares, the short-interest ratio is presently 1.0 days. Approximately 5.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Comerica Bank bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the first quarter worth approximately $96,000. Goldman Sachs Group Inc. raised its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 33.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,847 shares of the exchange traded fund’s stock valued at $4,111,000 after purchasing an additional 16,847 shares in the last quarter. Camarda Financial Advisors LLC bought a new position in Invesco CurrencyShares Japanese Yen Trust during the second quarter valued at about $2,159,000. Ameriprise Financial Inc. bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter valued at approximately $248,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the second quarter worth $459,000.

Invesco CurrencyShares Japanese Yen Trust Trading Down 0.1%

Invesco CurrencyShares Japanese Yen Trust stock traded down $0.05 during midday trading on Monday, reaching $57.53. 113,726 shares of the stock traded hands, compared to its average volume of 221,336. The firm has a fifty day moving average price of $56.95 and a two-hundred day moving average price of $57.77. The firm has a market cap of $445.86 million, a price-to-earnings ratio of -117.92 and a beta of 0.19. Invesco CurrencyShares Japanese Yen Trust has a fifty-two week low of $55.96 and a fifty-two 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.