Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Short Interest Update

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 439,176 shares, an increase of 143.8% from the April 15th total of 180,137 shares. Based on an average daily volume of 251,171 shares, the days-to-cover ratio is presently 1.7 days. Approximately 5.9% of the company’s stock are sold short.

Invesco CurrencyShares Japanese Yen Trust Price Performance

Shares of Invesco CurrencyShares Japanese Yen Trust stock traded down $0.15 during trading on Friday, hitting $57.85. 317,922 shares of the stock were exchanged, compared to its average volume of 213,788. The stock has a market cap of $433.88 million, a price-to-earnings ratio of -117.92 and a beta of 0.20. The firm’s 50-day moving average price is $57.83 and its 200 day moving average price is $58.63. Invesco CurrencyShares Japanese Yen Trust has a 12-month low of $57.22 and a 12-month high of $64.72.

Institutional Trading of Invesco CurrencyShares Japanese Yen Trust

Several institutional investors have recently modified their holdings of the stock. Comerica Bank purchased a new stake in Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at $96,000. Goldman Sachs Group Inc. raised its position in Invesco CurrencyShares Japanese Yen Trust by 33.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,847 shares of the exchange traded fund’s stock valued at $4,111,000 after purchasing an additional 16,847 shares during the last quarter. Camarda Financial Advisors LLC acquired a new position in Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter valued at $2,159,000. Ameriprise Financial Inc. acquired a new position in Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter valued at $248,000. Finally, Two Sigma Securities LLC acquired a new position in Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter valued at $459,000.

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.