ProShares UltraShort Yen (NYSEARCA:YCS) Trading Up 1.5% – Still a Buy?

ProShares UltraShort Yen (NYSEARCA:YCS) shares were up 1.5% during mid-day trading on Monday . The stock traded as high as $85.23 and last traded at $85.23. Approximately 4,968 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 17,818 shares. The stock had previously closed at $83.95.

ProShares UltraShort Yen Trading Up 0.8 %

The firm’s 50-day moving average price is $79.15 and its 200 day moving average price is $85.31.

Institutional Investors Weigh In On ProShares UltraShort Yen

An institutional investor recently bought a new position in ProShares UltraShort Yen stock. Brookstone Capital Management purchased a new position in shares of ProShares UltraShort Yen (NYSEARCA:YCS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,106 shares of the company’s stock, valued at approximately $368,000. Brookstone Capital Management owned 0.92% of ProShares UltraShort Yen as of its most recent filing with the SEC.

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.