ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 46,643 shares, an increase of 42.0% from the January 29th total of 32,843 shares. Currently, 7.8% of the company’s shares are sold short. Based on an average daily trading volume, of 38,020 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 38,020 shares, the short-interest ratio is currently 1.2 days. Currently, 7.8% of the company’s shares are sold short.
ProShares UltraShort Yen Price Performance
YCS stock traded up $0.89 during mid-day trading on Monday, reaching $52.04. The company had a trading volume of 23,471 shares, compared to its average volume of 36,228. The firm has a 50 day moving average of $50.70 and a 200 day moving average of $48.27. ProShares UltraShort Yen has a 12 month low of $38.89 and a 12 month high of $52.71.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in ProShares UltraShort Yen during the 3rd quarter valued at $50,000. FNY Investment Advisers LLC purchased a new position in shares of ProShares UltraShort Yen during the third quarter valued at $236,000. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Yen in the fourth quarter valued at about $566,000. Nkcfo LLC purchased a new stake in ProShares UltraShort Yen in the third quarter worth about $1,002,000. Finally, Mutual Advisors LLC bought a new position in ProShares UltraShort Yen during the 3rd quarter worth about $3,156,000.
About ProShares UltraShort Yen
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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