Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Sees Unusually High Call Option Buying

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 17,009 call options on the company. This is an increase of 486% compared to the average daily volume of 2,901 call options.

Institutional Trading of Invesco CurrencyShares Japanese Yen Trust

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in 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 worth $2,047,000 after acquiring an additional 18,630 shares during the last quarter. HBW Advisory Services LLC lifted its holdings 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 during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the first quarter valued at about $32,000.

Invesco CurrencyShares Japanese Yen Trust Trading Down 0.6%

Shares of NYSEARCA:FXY traded down $0.34 during mid-day trading on Tuesday, reaching $57.70. The company had a trading volume of 98,813 shares, compared to its average volume of 217,804. The firm has a market cap of $418.36 million, a price-to-earnings ratio of -117.92 and a beta of 0.21. The company’s 50-day moving average price is $58.23 and its 200-day moving average price is $57.89. Invesco CurrencyShares Japanese Yen Trust has a one year low of $55.96 and a one year high of $60.45.

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.