Is Guggenheim CurrencyShares Euro Trust a Sell? The Stock Had Bearish Options Activity Today

 Is Guggenheim CurrencyShares Euro Trust a Sell? The Stock Had Bearish Options Activity Today

In today’s session Guggenheim CurrencyShares Euro Trust (FXE) recorded an unusually high (328) 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 328 contracts traded and 4594 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: FXE161021P00107500 closed last at: $1 or 81.8% up. Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) has declined 1.41% since March 15, 2016 and is downtrending. It has underperformed by 6.89% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.34, from 1 in 2016Q1. The ratio is negative, 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.
Citigroup Incorporated, a New York-based fund reported 1.19M shares. Fmr Limited Liability Com last reported 44,500 shares in the company. Hsbc Public Limited Liability Company has invested 0.01% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Ladenburg Thalmann Services accumulated 0% or 45 shares. Royal Savings Bank Of Canada holds 0% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 18,523 shares. Goldman Sachs Grp Inc has 470,852 shares for 0.02% of their US portfolio. Susquehanna Intll Grp Inc Llp, a Pennsylvania-based fund reported 75,903 shares. The California-based Parallax Volatility Advisers L P has invested 0% in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Ionic Capital Mngmt Limited Liability Com accumulated 0.35% or 73,500 shares. The Pennsylvania-based Sei Investments has invested 0% in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Tortoise Investment Mgmt Ltd accumulated 0% or 45 shares. Lakewood L P accumulated 90,383 shares or 0.47% of the stock. Transamerica Financial Advsrs Inc holds 0% or 1 shares in its portfolio. Mycio Wealth Partners Ltd Company holds 537 shares or 0.01% of its portfolio. Moreover, One Trading Ltd Partnership has 0% invested in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 1,693 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: “3 Contrarian ETF Ideas For 2015” on January 05, 2015, also Benzinga.com with their article: “A Smart ETF Play On A Dependable European Market” published on August 24, 2016, 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 Benzinga.com‘s news article titled: “The Best And Worst ETFs Of The Week Amid European Quantitative Easing” with publication date: January 24, 2015.

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