Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Cross Below Two Hundred Day Moving Average – Time to Sell?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.48 and traded as low as $57.56. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.65, with a volume of 109,878 shares trading hands.

Invesco CurrencyShares Japanese Yen Trust Price Performance

The company has a market capitalization of $432.15 million, a P/E ratio of -117.92 and a beta of 0.20. The company’s 50-day moving average price is $57.80 and its two-hundred day moving average price is $58.48.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the first quarter valued at about $32,000. International Assets Investment Management LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at about $45,000. Newbridge Financial Services Group Inc. raised its position in shares of 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 purchasing an additional 300 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at about $81,000. Finally, Clearstead Advisors LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the third 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.