ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) were up 0.4% on Monday . The stock traded as high as $44.39 and last traded at $44.30. Approximately 7,724 shares were traded during trading, a decline of 72% from the average daily volume of 27,227 shares. The stock had previously closed at $44.11.
ProShares UltraShort Yen Stock Up 0.4 %
The stock has a 50 day moving average price of $44.57 and a 200-day moving average price of $44.52.
Institutional Investors Weigh In On ProShares UltraShort Yen
A hedge fund recently raised its stake in ProShares UltraShort Yen stock. Nkcfo LLC lifted its stake in ProShares UltraShort Yen (NYSEARCA:YCS – Free Report) by 100.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,500 shares of the company’s stock after purchasing an additional 51,250 shares during the period. ProShares UltraShort Yen accounts for approximately 2.1% of Nkcfo LLC’s holdings, making the stock its 11th largest position. Nkcfo LLC owned about 22.85% of ProShares UltraShort Yen worth $4,785,000 as of its most recent SEC filing.
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.
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