28-Mar-2024
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Benzinga (Wed, 27-Mar 7:22 AM ET)
Benzinga (Tue, 26-Mar 7:11 AM ET)
The Invesco CurrencyShares Euro Trust (the "trust") is designed to track the price of the euro, and trades under the ticker symbol FXE. The euro is the currency of 19 European Union countries. The Fund is rebalanced quarterly.
Invesco Currencyshares Euro Trust trades on the ARCA stock market under the symbol FXE.
As of March 28, 2024, FXE stock price declined to $99.71 with 15,120 million shares trading.
FXE has a beta of 0.22, meaning it tends to be less sensitive to market movements. FXE has a correlation of 0.19 to the broad based SPY ETF.
FXE has a market cap of $199.42 million. This is considered a Micro Cap stock.
In the last 3 years, FXE stock traded as high as $114.66 and as low as $88.37.
FXE has underperformed the market in the last year with a price return of +2.0% while the SPY ETF gained +33.6%. FXE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.3% and -1.4%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
FXE support price is $99.75 and resistance is $100.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FXE stock will trade within this expected range on the day.