Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Short Interest Up 62.0% in July

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 421,583 shares, a growth of 62.0% from the July 15th total of 260,166 shares. Currently, 5.4% of the company’s stock are short sold. Based on an average trading volume of 409,436 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several large investors have recently bought and sold shares of FXY. Fifth Third Bancorp bought a new position in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at about $32,000. International Assets Investment Management LLC bought a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter worth approximately $45,000. BNP Paribas Financial Markets purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the third quarter valued at approximately $81,000. Comerica Bank bought a new position in Invesco CurrencyShares Japanese Yen Trust during the first quarter valued at approximately $96,000. Finally, Markin Asset Management LP bought a new position in Invesco CurrencyShares Japanese Yen Trust during the fourth quarter valued at approximately $217,000.

Invesco CurrencyShares Japanese Yen Trust Stock Up 1.0%

Shares of Invesco CurrencyShares Japanese Yen Trust stock traded up $0.57 on Wednesday, reaching $58.05. The company’s stock had a trading volume of 95,577 shares, compared to its average volume of 219,889. The company has a market capitalization of $449.93 million, a price-to-earnings ratio of -117.92 and a beta of 0.19. The firm’s fifty day simple moving average is $56.96 and its two-hundred day simple moving average is $57.73. Invesco CurrencyShares Japanese Yen Trust has a 52 week low of $55.96 and a 52 week high of $63.26.

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.