Traders Purchase High Volume of Put Options on Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) was the recipient of some unusual options trading on Monday. Stock investors purchased 4,624 put options on the company. This represents an increase of approximately 514% compared to the average daily volume of 753 put options.

Invesco CurrencyShares Euro Trust Trading Up 0.6%

Shares of NYSEARCA FXE traded up $0.67 during midday trading on Monday, hitting $106.06. 67,761 shares of the company’s stock were exchanged, compared to its average volume of 185,791. The business’s fifty day moving average price is $108.37 and its two-hundred day moving average price is $107.90. The company has a market cap of $456.04 million, a price-to-earnings ratio of -92.16 and a beta of 0.18. Invesco CurrencyShares Euro Trust has a 12-month low of $99.25 and a 12-month high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.0667 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 0.8%. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

Institutional investors have recently made changes to their positions in the stock. Tsfg LLC bought a new stake in shares of Invesco CurrencyShares Euro Trust during the 3rd quarter worth $25,000. Geneos Wealth Management Inc. bought a new position in Invesco CurrencyShares Euro Trust in the first quarter valued at $25,000. Farther Finance Advisors LLC purchased a new stake in Invesco CurrencyShares Euro Trust during the fourth quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new stake in Invesco CurrencyShares Euro Trust during the third quarter worth about $90,000. Finally, Tortoise Investment Management LLC bought a new stake in Invesco CurrencyShares Euro Trust during the second quarter worth about $101,000.

About Invesco CurrencyShares Euro Trust

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.