ProShares UltraShort Yen (NYSEARCA:YCS) Stock Price Down 0% – Here’s Why

ProShares UltraShort Yen (NYSEARCA:YCS)’s stock price fell 0% during trading on Tuesday . The company traded as low as $56.24 and last traded at $56.42. Approximately 22,547 shares traded 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 Price Performance

The stock’s 50 day simple moving average is $54.52 and its 200-day simple moving average is $52.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new stake in shares of ProShares UltraShort Yen in the 3rd quarter valued at $236,000. Jane Street Group LLC acquired a new position in ProShares UltraShort Yen during the fourth quarter worth $566,000. Finally, Nkcfo LLC increased its position in ProShares UltraShort Yen by 284.1% during the fourth quarter. Nkcfo LLC now owns 86,325 shares of the company’s stock worth $4,394,000 after buying an additional 63,850 shares during the last quarter.

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.