ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 13,830 shares, a drop of 56.6% from the May 14th total of 31,846 shares. Based on an average daily volume of 15,302 shares, the short-interest ratio is presently 0.9 days. Currently, 2.5% of the company’s stock are short sold.
ProShares UltraShort Yen Price Performance
Shares of NYSEARCA YCS traded up $0.51 during midday trading on Friday, reaching $54.77. The company’s stock had a trading volume of 22,003 shares, compared to its average volume of 31,199. ProShares UltraShort Yen has a fifty-two week low of $40.57 and a fifty-two week high of $56.47. The stock has a 50 day simple moving average of $53.65 and a 200-day simple moving average of $52.02.
Institutional Trading of ProShares UltraShort Yen
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in shares of ProShares UltraShort Yen in the third quarter valued at approximately $236,000. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Yen in the fourth quarter valued at approximately $566,000. Finally, Nkcfo LLC acquired a new stake in shares of ProShares UltraShort Yen in the third quarter valued at approximately $1,002,000.
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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