ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) shot up 0.3% during trading on Tuesday . The stock traded as high as $57.91 and last traded at $57.90. 7,701 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 31,228 shares. The stock had previously closed at $57.71.
ProShares UltraShort Yen Stock Down 4.4%
The company has a 50-day moving average price of $55.73 and a two-hundred day moving average price of $53.42.
Institutional Trading of ProShares UltraShort Yen
A hedge fund recently bought a new stake in ProShares UltraShort Yen stock. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Yen (NYSEARCA:YCS – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,120 shares of the company’s stock, valued at approximately $566,000. Jane Street Group LLC owned 1.85% of ProShares UltraShort Yen as of its most recent SEC filing.
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.
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