Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $99.76 and traded as low as $94.98. Invesco CurrencyShares Euro Trust shares last traded at $95.22, with a volume of 78,071 shares traded.

Invesco CurrencyShares Euro Trust Price Performance

The firm has a market capitalization of $176.16 million, a price-to-earnings ratio of -88.15 and a beta of 0.22. The firm has a 50 day moving average price of $97.23 and a 200-day moving average price of $99.76.

Institutional Trading of Invesco CurrencyShares Euro Trust

Several hedge funds have recently added to or reduced their stakes in FXE. Virtu Financial LLC grew its holdings in Invesco CurrencyShares Euro Trust by 302.6% during the 3rd quarter. Virtu Financial LLC now owns 39,030 shares of the exchange traded fund’s stock worth $4,015,000 after acquiring an additional 29,335 shares in the last quarter. SMART Wealth LLC acquired a new position in shares of Invesco CurrencyShares Euro Trust during the third quarter worth $912,000. Flow Traders U.S. LLC increased its holdings in Invesco CurrencyShares Euro Trust by 131.2% in the third quarter. Flow Traders U.S. LLC now owns 5,729 shares of the exchange traded fund’s stock valued at $589,000 after buying an additional 3,251 shares during the last quarter. GFS Advisors LLC raised its stake in Invesco CurrencyShares Euro Trust by 75.8% in the third quarter. GFS Advisors LLC now owns 3,222 shares of the exchange traded fund’s stock valued at $331,000 after buying an additional 1,389 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in Invesco CurrencyShares Euro Trust during the 3rd quarter worth about $112,000.

About Invesco CurrencyShares Euro Trust

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.