Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Short Interest Down 38.7% in May

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 275,508 shares, a drop of 38.7% from the May 14th total of 449,215 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 117,925 shares, the days-to-cover ratio is currently 2.3 days.

Invesco CurrencyShares Japanese Yen Trust Stock Up 0.1%

Shares of NYSEARCA:FXY traded up $0.04 during mid-day trading on Wednesday, reaching $57.23. 15,911 shares of the stock were exchanged, compared to its average volume of 198,668. The company has a market cap of $429.19 million, a P/E ratio of -117.92 and a beta of 0.20. Invesco CurrencyShares Japanese Yen Trust has a one year low of $57.13 and a one year high of $64.40. The stock’s 50 day simple moving average is $57.70 and its 200-day simple moving average is $58.32.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its position in Invesco CurrencyShares Japanese Yen Trust by 50.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 300 shares during the last quarter. Captrust Financial Advisors boosted its position in Invesco CurrencyShares Japanese Yen Trust by 1.6% during the fourth quarter. Captrust Financial Advisors now owns 30,622 shares of the exchange traded fund’s stock valued at $1,797,000 after purchasing an additional 486 shares during the last quarter. CreativeOne Wealth LLC boosted its position in Invesco CurrencyShares Japanese Yen Trust by 6.9% during the fourth quarter. CreativeOne Wealth LLC now owns 7,905 shares of the exchange traded fund’s stock valued at $464,000 after purchasing an additional 512 shares during the last quarter. Fifth Third Bancorp acquired a new position in Invesco CurrencyShares Japanese Yen Trust during the first quarter valued at approximately $32,000. Finally, Creative Planning boosted its position in Invesco CurrencyShares Japanese Yen Trust by 9.4% during the third quarter. Creative Planning now owns 7,881 shares of the exchange traded fund’s stock valued at $490,000 after purchasing an additional 674 shares during the last quarter.

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.