ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 17,109 shares, a growth of 104.1% from the December 15th total of 8,384 shares. Based on an average trading volume of 25,167 shares, the short-interest ratio is currently 0.7 days. Currently, 2.4% of the shares of the company are short sold. Currently, 2.4% of the shares of the company are short sold. Based on an average trading volume of 25,167 shares, the short-interest ratio is currently 0.7 days.
ProShares UltraShort Yen Stock Down 0.9%
Shares of YCS stock opened at $52.02 on Friday. The stock’s 50-day moving average is $50.48 and its two-hundred day moving average is $46.77. ProShares UltraShort Yen has a 1 year low of $38.89 and a 1 year high of $52.71.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in ProShares UltraShort Yen in the third quarter valued at approximately $50,000. FNY Investment Advisers LLC purchased a new stake in ProShares UltraShort Yen in the 3rd quarter valued at $236,000. Nkcfo LLC acquired a new stake in ProShares UltraShort Yen during the 3rd quarter worth $1,002,000. Finally, Mutual Advisors LLC acquired a new stake in ProShares UltraShort Yen during the 3rd quarter worth $3,156,000.
ProShares UltraShort Yen Company Profile
The ProShares UltraShort Yen (YCS) is an exchange-traded fund that is based on the Japanese Yen per U.S. Dollar index. The fund provides a 2x inverse multiple to the daily performance of the Japanese yen spot price against the US dollar as measured by Reuters. YCS was launched on Nov 25, 2008 and is managed by ProShares.
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