ProShares UltraShort Yen (NYSEARCA:YCS) Stock Price Up 0.3% – Time to Buy?

ProShares UltraShort Yen (NYSEARCA:YCSGet Free Report)’s share price were up 0.3% on Tuesday . The stock traded as high as $57.91 and last traded at $57.90. Approximately 7,701 shares were traded during trading, a decline of 75% from the average daily volume of 31,228 shares. The stock had previously closed at $57.71.

ProShares UltraShort Yen Stock Performance

The company’s fifty day moving average price is $55.65 and its two-hundred day moving average price is $53.37.

Institutional Investors Weigh In On ProShares UltraShort Yen

A hedge fund recently raised its stake in ProShares UltraShort Yen stock. Nkcfo LLC lifted its holdings in shares of ProShares UltraShort Yen (NYSEARCA:YCSFree Report) by 284.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 86,325 shares of the company’s stock after purchasing an additional 63,850 shares during the period. ProShares UltraShort Yen accounts for about 1.3% of Nkcfo LLC’s portfolio, making the stock its 17th largest position. Nkcfo LLC owned 13.28% of ProShares UltraShort Yen worth $4,394,000 as of its most recent SEC filing.

ProShares UltraShort Yen Company Profile

(Get Free Report)

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.

Further Reading

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