ProShares UltraShort Yen (NYSEARCA:YCS) Sees Significant Growth in Short Interest

ProShares UltraShort Yen (NYSEARCA:YCS) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 32,843 shares, an increase of 37.6% from the January 15th total of 23,863 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average daily volume of 64,542 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 64,542 shares, the short-interest ratio is presently 0.5 days. Currently, 5.5% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares UltraShort Yen

A number of hedge funds and other institutional investors have recently made changes to their positions in YCS. Geneos Wealth Management Inc. acquired a new stake in ProShares UltraShort Yen during the 3rd quarter valued at approximately $50,000. FNY Investment Advisers LLC bought a new stake in shares of ProShares UltraShort Yen in the 3rd quarter valued at $236,000. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Yen in the 4th quarter valued at $566,000. Nkcfo LLC acquired a new stake in shares of ProShares UltraShort Yen during the third quarter worth $1,002,000. Finally, Mutual Advisors LLC bought a new position in ProShares UltraShort Yen during the third quarter worth $3,156,000.

ProShares UltraShort Yen Stock Up 0.1%

NYSEARCA:YCS traded up $0.03 during trading hours on Friday, hitting $48.74. 5,517 shares of the company were exchanged, compared to its average volume of 41,431. ProShares UltraShort Yen has a one year low of $38.89 and a one year high of $52.71. The company has a fifty day simple moving average of $50.68 and a 200 day simple moving average of $47.80.

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.