ProShares UltraShort Yen (NYSEARCA:YCS) Shares Up 0.5% – Here’s Why

ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report)’s share price shot up 0.5% during trading on Monday. The company traded as high as $54.88 and last traded at $54.78. 9,259 shares were traded during trading, a decline of 67% from the average daily volume of 28,372 shares. The stock had previously closed at $54.53.

ProShares UltraShort Yen Stock Down 0.1%

The company has a fifty day simple moving average of $53.92 and a two-hundred day simple moving average of $54.40.

About ProShares UltraShort Yen

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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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