Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Shares Cross Below 200-Day Moving Average – Time to Sell?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $61.20 and traded as low as $59.06. Invesco CurrencyShares Japanese Yen Trust shares last traded at $59.14, with a volume of 134,393 shares.

Invesco CurrencyShares Japanese Yen Trust Stock Down 0.7 %

The company has a market capitalization of $368.69 million, a price-to-earnings ratio of -111.06 and a beta of 0.10. The business has a fifty day simple moving average of $59.60 and a two-hundred day simple moving average of $61.21.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter valued at $30,000. Insigneo Advisory Services LLC acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the second quarter valued at $195,000. Diversify Wealth Management LLC acquired a new position in Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter worth about $284,000. Independent Advisor Alliance acquired a new position in Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter worth about $294,000. Finally, Walleye Trading LLC grew its holdings in Invesco CurrencyShares Japanese Yen Trust by 109.2% during the 3rd quarter. Walleye Trading LLC now owns 10,460 shares of the exchange traded fund’s stock worth $673,000 after acquiring an additional 5,460 shares during the last quarter.

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.