ProShares UltraShort Yen (NYSEARCA:YCS) Trading Down 2.8% – Here’s Why

ProShares UltraShort Yen (NYSEARCA:YCS)’s share price traded down 2.8% on Friday . The company traded as low as $52.05 and last traded at $52.05. 179,402 shares were traded during mid-day trading, an increase of 376% from the average session volume of 37,726 shares. The stock had previously closed at $53.57.

ProShares UltraShort Yen Stock Down 2.8%

The business’s 50 day simple moving average is $52.16 and its two-hundred day simple moving average is $50.38.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in YCS. Geneos Wealth Management Inc. bought a new position in shares of ProShares UltraShort Yen in the third quarter valued at $50,000. FNY Investment Advisers LLC bought a new position in shares of ProShares UltraShort Yen in the third quarter valued at $236,000. Jane Street Group LLC bought a new position in shares of ProShares UltraShort Yen in the fourth quarter valued at $566,000. Nkcfo LLC bought a new position in shares of ProShares UltraShort Yen in the third quarter valued at $1,002,000. Finally, Mutual Advisors LLC bought a new position in shares of ProShares UltraShort Yen in the third quarter valued at $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.