Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $99.29 and traded as low as $95.96. Invesco CurrencyShares Euro Trust shares last traded at $96.15, with a volume of 29,163 shares trading hands.

Invesco CurrencyShares Euro Trust Stock Performance

The firm has a fifty day simple moving average of $96.18 and a two-hundred day simple moving average of $99.26. The firm has a market cap of $177.29 million, a PE ratio of -88.15 and a beta of 0.22.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GFS Advisors LLC boosted its holdings in shares of Invesco CurrencyShares Euro Trust by 75.8% in the 3rd quarter. GFS Advisors LLC now owns 3,222 shares of the exchange traded fund’s stock worth $331,000 after purchasing an additional 1,389 shares during the period. GoalVest Advisory LLC bought a new stake in Invesco CurrencyShares Euro Trust in the third quarter worth $112,000. Captrust Financial Advisors boosted its stake in Invesco CurrencyShares Euro Trust by 3.0% during the third quarter. Captrust Financial Advisors now owns 16,230 shares of the exchange traded fund’s stock worth $1,669,000 after buying an additional 470 shares during the period. Flow Traders U.S. LLC increased its position in Invesco CurrencyShares Euro Trust by 131.2% during the third quarter. Flow Traders U.S. LLC now owns 5,729 shares of the exchange traded fund’s stock valued at $589,000 after acquiring an additional 3,251 shares during the last quarter. Finally, Virtu Financial LLC increased its position in Invesco CurrencyShares Euro Trust by 302.6% during the third quarter. Virtu Financial LLC now owns 39,030 shares of the exchange traded fund’s stock valued at $4,015,000 after acquiring an additional 29,335 shares during the last quarter.

Invesco CurrencyShares Euro Trust Company Profile

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of euro plus accrued interest.