Could Guggenheim CurrencyShares British Increase After Today’s Tip From Option Traders?

 Could Guggenheim CurrencyShares British Increase After Today's Tip From Option Traders?

In today’s session Guggenheim CurrencyShares British (FXB) recorded an unusually high (527) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious FXB decrease. With 527 contracts traded and 8984 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: FXB161216P00119000 closed last at: $0.45 or 18.2% down. Guggenheim CurrencyShares British (NYSEARCA:FXB) has declined 12.27% since April 13, 2016 and is downtrending. It has underperformed by 16.20% 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: “Consider These ETFs As The British Pound Bounces” on November 03, 2016, also Benzinga.com with their article: “British Pound Moves Higher Following Trump Win” published on November 09, 2016, Etfdailynews.com published: “Flash Crash Sends British Pound to 31-Year Lows” on October 07, 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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