ProShares UltraShort Yen (NYSEARCA:YCS) Stock Price Down 0% – What’s Next?

ProShares UltraShort Yen (NYSEARCA:YCS) shares dropped 0% during trading on Tuesday . The stock traded as low as $56.24 and last traded at $56.42. Approximately 22,547 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 31,603 shares. The stock had previously closed at $56.44.

ProShares UltraShort Yen Trading Down 0.0%

The stock has a fifty day moving average of $54.46 and a two-hundred day moving average of $52.72.

Hedge Funds Weigh In On ProShares UltraShort Yen

A number of large investors have recently made changes to their positions in YCS. FNY Investment Advisers LLC acquired a new stake in shares of ProShares UltraShort Yen in the third quarter valued at about $236,000. Nkcfo LLC grew its position in ProShares UltraShort Yen by 284.1% during the fourth quarter. Nkcfo LLC now owns 86,325 shares of the company’s stock worth $4,394,000 after buying an additional 63,850 shares during the period. Finally, Jane Street Group LLC acquired a new position in ProShares UltraShort Yen during the fourth quarter worth about $566,000.

ProShares UltraShort Yen Company Profile

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.