In today’s session Guggenheim CurrencyShares Japanese (FXY) registered an unusually high (753) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious FXY increase. With 753 contracts traded and 2764 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: FXY161118C00095000 closed last at: $1.85 or 11.9% down. The stock decreased 1.22% or $1.16 on October 4, hitting $93.86. Guggenheim CurrencyShares Japanese (NYSEARCA:FXY) has risen 11.76% since March 1, 2016 and is uptrending. It has outperformed by 2.52% the S&P500.
Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The company has a market cap of $139.73 million. The Trust issues 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. It currently has negative earnings. 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.
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