Short Interest in ProShares UltraShort Yen (NYSEARCA:YCS) Grows By 68.9%

ProShares UltraShort Yen (NYSEARCA:YCS) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 31,846 shares, an increase of 68.9% from the April 30th total of 18,859 shares. Approximately 5.8% of the shares of the stock are short sold. Based on an average trading volume of 20,730 shares, the days-to-cover ratio is presently 1.5 days.

ProShares UltraShort Yen Price Performance

Shares of NYSEARCA YCS opened at $54.55 on Thursday. The firm has a fifty day moving average of $53.47 and a 200 day moving average of $51.79. ProShares UltraShort Yen has a one year low of $40.26 and a one year high of $54.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in ProShares UltraShort Yen in the 3rd quarter valued at $236,000. Jane Street Group LLC purchased a new position in ProShares UltraShort Yen in the 4th quarter valued at $566,000. Nkcfo LLC purchased a new position in ProShares UltraShort Yen in the 3rd quarter valued at $1,002,000. Finally, Mutual Advisors LLC purchased a new position in ProShares UltraShort Yen in the 3rd quarter valued at $3,156,000.

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.