Stock Traders Buy Large Volume of Invesco CurrencyShares Japanese Yen Trust Call Options (NYSEARCA:FXY)

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the target of some unusual options trading on Thursday. Stock traders bought 12,985 call options on the company. This represents an increase of approximately 327% compared to the average daily volume of 3,043 call options.

Invesco CurrencyShares Japanese Yen Trust Stock Up 2.7%

Shares of FXY traded up $1.52 on Thursday, hitting $57.65. The company’s stock had a trading volume of 1,539,119 shares, compared to its average volume of 207,622. The firm has a market capitalization of $446.81 million, a price-to-earnings ratio of -117.92 and a beta of 0.20. Invesco CurrencyShares Japanese Yen Trust has a fifty-two week low of $55.96 and a fifty-two week high of $63.26. The firm’s fifty day moving average price is $56.88 and its 200-day moving average price is $57.81.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in Invesco CurrencyShares Japanese Yen Trust by 111.4% during the first quarter. Royal Bank of Canada now owns 35,358 shares of the exchange traded fund’s stock worth $2,047,000 after buying an additional 18,630 shares in the last quarter. HBW Advisory Services LLC raised its holdings in Invesco CurrencyShares Japanese Yen Trust by 4.8% during the 1st quarter. HBW Advisory Services LLC now owns 20,874 shares of the exchange traded fund’s stock worth $1,208,000 after purchasing an additional 952 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at about $32,000. Broussard Financial Group LLC lifted its position in shares of Invesco CurrencyShares Japanese Yen Trust by 22.6% during the 1st quarter. Broussard Financial Group LLC now owns 100,008 shares of the exchange traded fund’s stock valued at $5,788,000 after acquiring an additional 18,414 shares during the period. Finally, Signet Private Wealth LLC raised its stake in Invesco CurrencyShares Japanese Yen Trust by 21.6% during the 1st quarter. Signet Private Wealth LLC now owns 9,067 shares of the exchange traded fund’s stock worth $525,000 after buying an additional 1,613 shares during the period.

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.