Some Traders See Unusual Bullish Options Activity in Guggenheim CurrencyShares British

 Some Traders See Unusual Bullish Options Activity in Guggenheim CurrencyShares British

In today’s session Guggenheim CurrencyShares British (FXB) registered an unusually high (2,409) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FXB increase. With 2,409 contracts traded and 2334 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FXB170120C00125000 closed last at: $0.9 or 5.3% down. Guggenheim CurrencyShares British (NYSEARCA:FXB) has declined 14.03% since March 16, 2016 and is downtrending. It has underperformed by 19.57% 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: Etfdailynews.com which released: “Flash Crash Sends British Pound to 31-Year Lows” on October 07, 2016, also Benzinga.com with their article: “The British Pound Is Tumbling (Again)” published on October 11, 2016, Benzinga.com published: “Believe It: Brexit Isn’t All Bad For U.K. ETFs” on July 11, 2016. More interesting news about Guggenheim CurrencyShares British (NYSEARCA:FXB) were released by: Benzinga.com and their article: “British Pound Gains 1% Tuesday Morning, But Currency Investors Remain Bearish” published on July 12, 2016 as well as Benzinga.com‘s news article titled: “After Brexit: Dexit, Nexit Or Swexit Could Be Next” with publication date: June 24, 2016.

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