ProShares UltraShort Yen (NYSEARCA:YCS) Trading Up 0.5% – Here’s What Happened

ProShares UltraShort Yen (NYSEARCA:YCS)’s stock price shot up 0.5% during mid-day trading on Friday . The company traded as high as $48.63 and last traded at $48.29. 59,593 shares were traded during trading, an increase of 102% from the average session volume of 29,517 shares. The stock had previously closed at $48.05.

ProShares UltraShort Yen Stock Performance

The stock has a 50-day moving average of $45.87 and a 200-day moving average of $43.57.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Yen stock. Mutual Advisors LLC acquired a new stake in shares of ProShares UltraShort Yen (NYSEARCA:YCS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 66,423 shares of the company’s stock, valued at approximately $3,156,000. Mutual Advisors LLC owned approximately 8.30% of ProShares UltraShort Yen 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.