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

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $62.87 and traded as low as $60.19. Invesco CurrencyShares Japanese Yen Trust shares last traded at $60.30, with a volume of 117,873 shares.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The stock has a market cap of $503.51 million, a P/E ratio of -117.92 and a beta of 0.05. The stock has a fifty day simple moving average of $61.86 and a 200-day simple moving average of $62.87.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several institutional investors have recently bought and sold shares of FXY. Farther Finance Advisors LLC grew its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 94.5% during the 1st quarter. Farther Finance Advisors LLC now owns 428 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 208 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Invesco CurrencyShares Japanese Yen Trust in the first quarter valued at $370,000. Checchi Capital Advisers LLC grew its position in Invesco CurrencyShares Japanese Yen Trust by 108.3% in the first quarter. Checchi Capital Advisers LLC now owns 14,253 shares of the exchange traded fund’s stock valued at $877,000 after purchasing an additional 7,409 shares in the last quarter. Pekin Hardy Strauss Inc. increased its stake in Invesco CurrencyShares Japanese Yen Trust by 31.9% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 31,644 shares of the exchange traded fund’s stock valued at $1,946,000 after buying an additional 7,660 shares during the last quarter. Finally, Hara Capital LLC bought a new stake in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter worth about $3,035,000.

Invesco CurrencyShares Japanese Yen Trust Company Profile

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.