Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Short Interest Falls 51.1%

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 139,278 shares, a drop of 51.1% from the September 15th total of 284,929 shares. Based on an average trading volume of 241,327 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.8% of the shares of the company are short sold.

Institutional Trading of Invesco CurrencyShares Japanese Yen Trust

Several hedge funds have recently made changes to their positions in FXY. Fifth Third Bancorp purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 1st quarter worth about $32,000. HBW Advisory Services LLC lifted its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 4.8% in the first quarter. HBW Advisory Services LLC now owns 20,874 shares of the exchange traded fund’s stock worth $1,208,000 after acquiring an additional 952 shares in the last quarter. Signet Private Wealth LLC grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 21.6% during the first 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 in the last quarter. Broussard Financial Group LLC raised its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 22.6% in 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 purchasing an additional 18,414 shares in the last quarter. Finally, Royal Bank of Canada raised its stake 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 valued at $2,047,000 after buying an additional 18,630 shares in the last quarter.

Invesco CurrencyShares Japanese Yen Trust Stock Up 0.1%

Shares of NYSEARCA FXY traded up $0.05 during mid-day trading on Friday, hitting $57.98. 28,614 shares of the company were exchanged, compared to its average volume of 220,160. The stock has a 50 day simple moving average of $58.12 and a 200-day simple moving average of $57.60. Invesco CurrencyShares Japanese Yen Trust has a 1-year low of $55.96 and a 1-year high of $61.26. The firm has a market cap of $446.48 million, a price-to-earnings ratio of -117.92 and a beta of 0.19.

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. 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.