What Could Be Propelling Guggenheim CurrencyShares Euro Trust to Decrease?

 What Could Be Propelling Guggenheim CurrencyShares Euro Trust to Decrease?

In today’s session Guggenheim CurrencyShares Euro Trust (FXE) recorded an unusually high (462) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious FXE decrease. With 462 contracts traded and 25104 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: FXE170120P00100000 closed last at: $0.54 or 12.5% up. Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) has declined 6.50% since April 18, 2016 and is downtrending. It has underperformed by 10.93% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.42 in 2016 Q2. Its down 0.24, from 0.66 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.
Moreover, Integral Derivatives Ltd Liability has 0.01% invested in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 2,400 shares. Moreover, Grace White Inc has 0.14% invested in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 5,900 shares. State Bank Of Montreal Can reported 10,400 shares or 0% of all its holdings. Virtu Financial Limited reported 146,302 shares or 2.11% of all its holdings. Susquehanna Intl Gru Limited Liability Partnership has 0% invested in the company for 75,903 shares. Ionic Cap Mngmt Ltd Com has invested 0.35% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Jump Trading Limited Liability Com holds 0.14% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 28,176 shares. One Trading Lp owns 1,693 shares or 0% of their US portfolio. Wells Fargo And Co Mn has 11,271 shares for 0% of their US portfolio. Harber Asset Limited Liability Co has 3.22% invested in the company for 53,928 shares. Goldman Sachs Gru reported 470,852 shares or 0.02% of all its holdings. Moreover, Parallax Volatility Advisers L P has 0% invested in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) for 1 shares. Natixis accumulated 0.34% or 167,500 shares. Walleye Trading Lc has invested 0% of its portfolio in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). Timber Hill Lc holds 0.3% or 597,427 shares in its portfolio.

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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