ProShares UltraShort Yen (NYSEARCA:YCS) Stock Price Down 0% – What’s Next?

Shares of ProShares UltraShort Yen (NYSEARCA:YCS) were down 0% during mid-day trading on Tuesday . The stock traded as low as $56.24 and last traded at $56.42. Approximately 22,547 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 31,603 shares. The stock had previously closed at $56.44.

ProShares UltraShort Yen Stock Down 0.0%

The firm has a 50 day simple moving average of $54.46 and a two-hundred day simple moving average of $52.72.

Institutional Trading of ProShares UltraShort Yen

Several hedge funds have recently made changes to their positions in YCS. Nkcfo LLC boosted its holdings in shares of ProShares UltraShort Yen by 284.1% in the fourth quarter. Nkcfo LLC now owns 86,325 shares of the company’s stock valued at $4,394,000 after acquiring an additional 63,850 shares in the last quarter. Jane Street Group LLC purchased a new position in ProShares UltraShort Yen during the fourth quarter worth about $566,000. Finally, FNY Investment Advisers LLC acquired a new stake in ProShares UltraShort Yen in the third quarter valued at about $236,000.

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.