What’s Next for Guggenheim CurrencyShares Euro Trust After Today’s Bullish Options Activity?

 What's Next for Guggenheim CurrencyShares Euro Trust After Today's Bullish Options Activity?

In today’s session Guggenheim CurrencyShares Euro Trust (FXE) registered an unusually high (1,376) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious FXE increase. With 1,376 contracts traded and 5174 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: FXE161118C00111000 closed last at: $0.21 or 0% . Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) has declined 2.57% since April 5, 2016 and is downtrending. It has underperformed by 4.53% 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 dived, 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.
Lakewood Management L P last reported 90,383 shares in the company. Moreover, Ionic Capital Limited Liability Corp has 0.35% invested in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 73,500 shares. Transamerica Financial Advisors holds 0% or 1 shares in its portfolio. Moreover, Ladenburg Thalmann Financial Svcs Inc has 0% invested in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 45 shares. Parallax Volatility Advisers Lp holds 1 shares or 0% of its portfolio. Two Sigma Securities Llc, a New York-based fund reported 4,206 shares. Mycio Wealth Prtn Lc owns 537 shares or 0.01% of their US portfolio. Creative Planning last reported 0% of its portfolio in the stock. Comml Bank Of Montreal Can owns 10,400 shares or 0% of their US portfolio. Integral Derivatives Ltd Llc has invested 0.01% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Virtu Finance Ltd Llc reported 146,302 shares or 2.11% of all its holdings. Hussman Strategic Advsrs Inc last reported 0.02% of its portfolio in the stock. Tradewinds Mngmt Ltd Limited Liability Company accumulated 281 shares or 0.02% of the stock. Natixis has invested 0.34% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Goldman Sachs Group Inc Inc reported 470,852 shares or 0.02% of all its holdings.

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: “Todd Gordon’s Guggenheim CurrencyShares Euro Trust Trade” on October 21, 2016, also Benzinga.com with their article: “A Smart ETF Play On A Dependable European Market” published on August 24, 2016, Benzinga.com published: “3 Contrarian ETF Ideas For 2015” on January 05, 2015. More interesting news about Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) were released by: Benzinga.com and their article: “Whether It’s Clinton Or Trump, The Dollar Could Be In Trouble” published on June 21, 2016 as well as Benzinga.com‘s news article titled: “FX Technicals: Where Are We Now?” with publication date: June 11, 2013.

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