Bullish Options Activity on Guggenheim CurrencyShares Japanese Surges After Better Fundamentals

 Bullish Options Activity on Guggenheim CurrencyShares Japanese Surges After Better Fundamentals

In today’s session Guggenheim CurrencyShares Japanese (FXY) registered an unusually high (620) 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 620 contracts traded and 1194 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: FXY161118C00098000 closed last at: $0.2 or 33.3% down. Guggenheim CurrencyShares Japanese (NYSEARCA:FXY) has risen 8.55% since March 15, 2016 and is uptrending. It has outperformed by 3.07% 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.

FXY Company Profile

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. The Sponsor of the Trust is Guggenheim Specialized Products, LLC, a Delaware limited liability company.

More notable recent Guggenheim CurrencyShares Japanese (NYSEARCA:FXY) news were published by: Etfdailynews.com which released: “These Japanese Currency ETFs Deserve Some Post-BOJ Attention” on September 22, 2016, also Benzinga.com with their article: “Down But Not Out: Japan ETFs Offer Value” published on July 08, 2016, Benzinga.com published: “FX Pro: Forget The Fed And Brexit, Focus On Japan” on July 06, 2016. More interesting news about Guggenheim CurrencyShares Japanese (NYSEARCA:FXY) were released by: Benzinga.com and their article: “Structural Volatility Won’t End For Several Years, Derivatives Strategist Says” published on January 27, 2016 as well as Benzinga.com‘s news article titled: “Currency Hedged ETFs Are Back In Play” with publication date: September 11, 2014.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment