Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Shares Shorted: Short Interest Down 51.1% in September

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

Invesco CurrencyShares Japanese Yen Trust Price Performance

Shares of NYSEARCA FXY traded down $0.01 during mid-day trading on Wednesday, hitting $57.88. The company had a trading volume of 127,962 shares, compared to its average volume of 221,923. The stock has a market cap of $448.57 million, a price-to-earnings ratio of -117.92 and a beta of 0.19. Invesco CurrencyShares Japanese Yen Trust has a 12 month low of $55.96 and a 12 month high of $61.26. The firm’s 50 day simple moving average is $58.12 and its two-hundred day simple moving average is $57.60.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of 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 purchasing an additional 18,630 shares during the last quarter. Broussard Financial Group LLC lifted its position 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 acquiring an additional 18,414 shares in the last quarter. Signet Private Wealth LLC boosted its stake in Invesco CurrencyShares Japanese Yen Trust by 21.6% in the 1st quarter. Signet Private Wealth LLC now owns 9,067 shares of the exchange traded fund’s stock worth $525,000 after purchasing an additional 1,613 shares during the period. HBW Advisory Services LLC grew its position 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 in the last quarter. Finally, Fifth Third Bancorp purchased a new position in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter worth approximately $32,000.

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.