ProShares UltraShort Yen (NYSEARCA:YCS) Trading Down 2.8% – Here’s Why

ProShares UltraShort Yen (NYSEARCA:YCS) shares were down 2.8% on Friday . The company traded as low as $52.05 and last traded at $52.05. Approximately 179,402 shares changed hands during trading, an increase of 376% from the average daily volume of 37,726 shares. The stock had previously closed at $53.57.

ProShares UltraShort Yen Trading Down 2.8%

The business’s fifty day moving average is $52.16 and its 200-day moving average is $50.38.

Institutional Trading of ProShares UltraShort Yen

Large investors have recently added to or reduced their stakes in the stock. Nkcfo LLC purchased a new stake in ProShares UltraShort Yen during the third quarter worth about $1,002,000. Mutual Advisors LLC purchased a new stake in ProShares UltraShort Yen during the third quarter worth about $3,156,000. Jane Street Group LLC purchased a new stake in ProShares UltraShort Yen during the fourth quarter worth about $566,000. FNY Investment Advisers LLC purchased a new stake in ProShares UltraShort Yen during the third quarter worth about $236,000. Finally, Geneos Wealth Management Inc. purchased a new stake in ProShares UltraShort Yen during the third quarter worth about $50,000.

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.