Can Guggenheim CurrencyShares Euro Trust’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Guggenheim CurrencyShares Euro Trust's Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Guggenheim CurrencyShares Euro Trust (FXE) recorded an unusually high (634) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious FXE decrease. With 634 contracts traded and 28054 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: FXE161021P00109000 closed last at: $0.73 or 15.9% up. Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) has risen 1.71% since March 3, 2016 and is uptrending. It has underperformed by 6.64% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.66 in 2016 Q2. Its down 0.34, from 1 in 2016Q1. The ratio fall, as 18 funds sold all Guggenheim CurrencyShares Euro Trust shares owned while 11 reduced positions. 8 funds bought stakes while 11 increased positions. They now own 4.07 million shares or 0.22% more from 4.06 million shares in 2016Q1.
Wells Fargo & Mn accumulated 0% or 11,271 shares. Parallax Volatility Advisers Ltd Partnership has invested 0% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Barclays Public Ltd Company accumulated 0% or 16,771 shares. Susquehanna Gru Llp reported 75,903 shares or 0% of all its holdings. Mycio Wealth Prns Limited Liability Company has 0.01% invested in the company for 537 shares. Citigroup last reported 0.13% of its portfolio in the stock. Morgan Stanley, a New York-based fund reported 105,917 shares. Two Sigma Llc accumulated 4,206 shares or 0.25% of the stock. Jump Trading Ltd Liability holds 0.14% or 28,176 shares in its portfolio. The New York-based Grace And White Ny has invested 0.14% in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Moreover, Ionic Mgmt Limited Liability Company has 0.35% invested in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 73,500 shares. Harber Asset Mgmt Limited Liability Co has 3.22% invested in the company for 53,928 shares. Citadel Advisors Limited Co holds 22,774 shares or 0% of its portfolio. Jefferies Lc has invested 0.01% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Goldman Sachs Gp, a New York-based fund reported 470,852 shares.

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The company has a market cap of $265.94 million. The Trust issues shares in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro 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 euro plus accrued interest.

FXE 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. The Shares are bought and sold on NYSE Arca. The Shares are backed by the assets of the Trust, which does not hold or use derivative products. The Trust holds euro and, from time to time, issues Baskets in exchange for deposits of euro and distributes euro in connection with redemptions of Baskets.

More notable recent Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) news were published by: Benzinga.com which released: “A Smart ETF Play On A Dependable European Market” on August 24, 2016, also Benzinga.com with their article: “3 Contrarian ETF Ideas For 2015” published on January 05, 2015, Benzinga.com published: “Whether It’s Clinton Or Trump, The Dollar Could Be In Trouble” on June 21, 2016. More interesting news about Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) were released by: Benzinga.com and their article: “Currency Hedged ETFs Are Back In Play” published on September 11, 2014 as well as Bidnessetc.com‘s news article titled: “Euro Enters 2015 On A Low Note” with publication date: December 31, 2014.

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