Guggenheim CurrencyShares British on Focus After Bullish Options Activity

 Guggenheim CurrencyShares British on Focus After Bullish Options Activity

In today’s session Guggenheim CurrencyShares British (FXB) registered an unusually high (451) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious FXB increase. With 451 contracts traded and 9274 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: FXB161216C00130000 closed last at: $0.6 or 25% down. Guggenheim CurrencyShares British (NYSEARCA:FXB) has declined 10.34% since March 3, 2016 and is downtrending. It has underperformed by 18.68% the S&P500.

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The company has a market cap of $49.78 million. The Trust issues shares in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling 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 British Pound Sterling plus accrued interest.

FXB Company Profile

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling 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.

More notable recent Guggenheim CurrencyShares British (NYSEARCA:FXB) news were published by: Benzinga.com which released: “Believe It: Brexit Isn’t All Bad For U.K. ETFs” on July 11, 2016, also Benzinga.com with their article: “British Pound Gains 1% Tuesday Morning, But Currency Investors Remain Bearish” published on July 12, 2016, Benzinga.com published: “Brexit Has Been A Bane For These ETFs” on June 22, 2016. More interesting news about Guggenheim CurrencyShares British (NYSEARCA:FXB) were released by: Benzinga.com and their article: “What U.K. ETFs Are Saying About Brexit” published on June 07, 2016 as well as Benzinga.com‘s news article titled: “These Currency Hedged ETFs Could Enjoy 2016” with publication date: December 07, 2015.

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