Short Interest in ProShares UltraShort Yen (NYSEARCA:YCS) Decreases By 74.5%

by · The Markets Daily

ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 8,384 shares, a decline of 74.5% from the November 30th total of 32,937 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 89,555 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 89,555 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the company’s shares are short sold.

Institutional Trading of ProShares UltraShort Yen

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new position in shares of ProShares UltraShort Yen during the 3rd quarter worth about $50,000. FNY Investment Advisers LLC acquired a new position in ProShares UltraShort Yen during the third quarter worth approximately $236,000. Nkcfo LLC purchased a new position in ProShares UltraShort Yen during the third quarter worth approximately $1,002,000. Finally, Mutual Advisors LLC acquired a new position in shares of ProShares UltraShort Yen in the 3rd quarter valued at $3,156,000.

ProShares UltraShort Yen Stock Performance

Shares of YCS traded down $0.19 on Thursday, hitting $50.34. 9,105 shares of the stock traded hands, compared to its average volume of 33,189. ProShares UltraShort Yen has a 1 year low of $38.89 and a 1 year high of $51.47. The stock’s 50 day moving average is $49.23 and its two-hundred day moving average is $45.66.

About ProShares UltraShort Yen

(Get Free Report)

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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