Stock Traders Purchase Large Volume of Invesco CurrencyShares Euro Trust Put Options (NYSEARCA:FXE)

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 2,524 put options on the stock. This represents an increase of approximately 170% compared to the typical daily volume of 936 put options.

Invesco CurrencyShares Euro Trust Stock Up 0.1%

Shares of Invesco CurrencyShares Euro Trust stock traded up $0.11 on Wednesday, hitting $108.93. The stock had a trading volume of 35,500 shares, compared to its average volume of 214,083. Invesco CurrencyShares Euro Trust has a twelve month low of $102.12 and a twelve month high of $111.54. The business’s 50 day moving average is $107.73 and its two-hundred day moving average is $107.69. The stock has a market cap of $457.51 million, a price-to-earnings ratio of -92.16 and a beta of 0.18.

Invesco CurrencyShares Euro Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, April 1st were given a $0.065 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 0.7%.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

Several institutional investors and hedge funds have recently made changes to their positions in FXE. Royal Bank of Canada grew its position in shares of Invesco CurrencyShares Euro Trust by 1,839.3% in the first quarter. Royal Bank of Canada now owns 10,860 shares of the exchange traded fund’s stock valued at $1,085,000 after purchasing an additional 10,300 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Invesco CurrencyShares Euro Trust in the first quarter valued at approximately $1,084,000. Geneos Wealth Management Inc. acquired a new position in shares of Invesco CurrencyShares Euro Trust in the first quarter valued at approximately $25,000. Creative Planning acquired a new position in shares of Invesco CurrencyShares Euro Trust in the second quarter valued at approximately $418,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Invesco CurrencyShares Euro Trust in the second quarter valued at approximately $262,000.

Invesco CurrencyShares Euro Trust Company Profile

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of euro plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.