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

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 275,508 shares, a decline of 38.7% from the May 14th total of 449,215 shares. Based on an average daily volume of 117,925 shares, the short-interest ratio is presently 2.3 days. Currently, 3.7% of the shares of the stock are sold short.

Invesco CurrencyShares Japanese Yen Trust Price Performance

Shares of Invesco CurrencyShares Japanese Yen Trust stock opened at $57.26 on Monday. Invesco CurrencyShares Japanese Yen Trust has a twelve month low of $57.13 and a twelve month high of $64.40. The business has a 50-day moving average price of $57.72 and a 200 day moving average price of $58.34. The firm has a market cap of $429.45 million, a PE ratio of -117.92 and a beta of 0.20.

Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several institutional investors and hedge funds have recently modified their holdings of FXY. Fifth Third Bancorp purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at about $32,000. International Assets Investment Management LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the 4th quarter worth approximately $45,000. Newbridge Financial Services Group Inc. increased its stake in Invesco CurrencyShares Japanese Yen Trust by 50.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 300 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter worth approximately $81,000. Finally, Clearstead Advisors LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter worth approximately $82,000.

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.