ProShares UltraShort Yen (NYSEARCA:YCS) Stock Price Up 0.3% – Should You Buy?

ProShares UltraShort Yen (NYSEARCA:YCS) rose 0.3% during mid-day trading on Friday . The stock traded as high as $53.88 and last traded at $53.88. Approximately 6,387 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 33,212 shares. The stock had previously closed at $53.70.

ProShares UltraShort Yen Stock Up 0.3%

The company’s 50 day moving average price is $53.30 and its 200-day moving average price is $51.46.

Institutional Investors Weigh In On ProShares UltraShort Yen

Several institutional investors have recently added to or reduced their stakes in the business. Nkcfo LLC purchased a new stake in shares of ProShares UltraShort Yen in the third quarter worth about $1,002,000. Mutual Advisors LLC purchased a new stake in ProShares UltraShort Yen in the third quarter valued at approximately $3,156,000. Jane Street Group LLC purchased a new stake in ProShares UltraShort Yen in the fourth quarter valued at approximately $566,000. Finally, FNY Investment Advisers LLC purchased a new stake in ProShares UltraShort Yen in the third quarter valued at approximately $236,000.

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.