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

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $58.40 and traded as low as $57.25. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.31, with a volume of 132,979 shares trading hands.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The firm has a fifty day moving average price of $57.75 and a two-hundred day moving average price of $58.40. The stock has a market capitalization of $429.83 million, a P/E ratio of -117.92 and a beta of 0.20.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Institutional investors have recently bought and sold shares of the stock. Broussard Financial Group LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust in the 4th quarter worth $4,787,000. Cibc World Market Inc. grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 26.1% during the third quarter. Cibc World Market Inc. now owns 135,643 shares of the exchange traded fund’s stock valued at $8,438,000 after purchasing an additional 28,082 shares in the last quarter. Truffle Hound Capital LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter valued at about $6,221,000. Two Sigma Securities LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter valued at about $459,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter valued at about $248,000.

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.