Guggenheim CurrencyShares Euro Trust Can Burn Your Long Portfolio. Option Traders Are Bearish

 Guggenheim CurrencyShares Euro Trust Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Guggenheim CurrencyShares Euro Trust (FXE) recorded an unusually high (3,130) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious FXE decrease. With 3,130 contracts traded and 564 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: FXE170317P00102000 closed last at: $2.02 or 20.2% up. Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE) has declined 6.36% since April 25, 2016 and is downtrending. It has underperformed by 12.37% 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 worsened, 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.
Sei Investments Commerce holds 0% or 768 shares in its portfolio. The New York-based Two Sigma Securities Llc has invested 0.25% in Guggenheim CurrencyShares Euro Trust (NYSEARCA:FXE). St James Comm Ltd Limited Liability Company accumulated 0.09% or 8,355 shares. Hsbc Hldgs Public Limited Com accumulated 30,000 shares or 0.01% of the stock. Citigroup owns 1.19 million shares or 0.13% of their US portfolio. Integral Derivatives Ltd Limited Liability Company accumulated 0.01% or 2,400 shares. Citadel Advisors Ltd Liability Company reported 22,774 shares or 0% of all its holdings. Parallax Volatility Advisers L P accumulated 1 shares or 0% of the stock. Ionic Capital Limited Liability Company has 73,500 shares for 0.35% of their US portfolio. Royal State Bank Of Canada owns 18,523 shares or 0% of their US portfolio. Financial Bank Of America De accumulated 0.02% or 660,034 shares. Morgan Stanley holds 105,917 shares or 0% of its portfolio. Lakewood Mgmt Limited Partnership accumulated 0.47% or 90,383 shares. Virtu Limited Liability Co last reported 2.11% of its portfolio in the stock. Hussman Strategic Advisors holds 1,000 shares or 0.02% of 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 November 23, 2016, also Benzinga.com with their article: “3 Contrarian ETF Ideas For 2015” published on January 05, 2015, Benzinga.com published: “A Smart ETF Play On A Dependable European Market” on August 24, 2016. 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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