Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Share Price Cross Below 50 Day Moving Average – Should You Sell?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $59.94 and traded as low as $58.55. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.55, with a volume of 95,211 shares.

Invesco CurrencyShares Japanese Yen Trust Stock Down 0.2 %

The stock has a market capitalization of $365.94 million, a P/E ratio of -111.06 and a beta of 0.10. The company has a 50-day moving average price of $59.94 and a two-hundred day moving average price of $61.11.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Private Wealth Advisors LLC grew its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 54.9% during the third quarter. Private Wealth Advisors LLC now owns 59,809 shares of the exchange traded fund’s stock worth $3,850,000 after purchasing an additional 21,204 shares in the last quarter. Captrust Financial Advisors grew its stake in Invesco CurrencyShares Japanese Yen Trust by 6.1% in the 3rd quarter. Captrust Financial Advisors now owns 23,590 shares of the exchange traded fund’s stock worth $1,517,000 after buying an additional 1,362 shares in the last quarter. Pekin Hardy Strauss Inc. increased its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 174.8% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 21,789 shares of the exchange traded fund’s stock worth $1,401,000 after buying an additional 13,859 shares during the last quarter. National Bank of Canada FI raised its position in shares of Invesco CurrencyShares Japanese Yen Trust by 25.4% during the 3rd quarter. National Bank of Canada FI now owns 14,452 shares of the exchange traded fund’s stock valued at $929,000 after buying an additional 2,924 shares in the last quarter. Finally, HBW Advisory Services LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter valued at $745,000.

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.