ProShares UltraShort Yen (NYSEARCA:YCS) Stock Price Up 0.9% – Time to Buy?

Posted by Joseph Casey on Dec 11th, 2024

ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) rose 0.9% on Tuesday . The company traded as high as $44.24 and last traded at $44.11. Approximately 2,978 shares traded hands during trading, a decline of 91% from the average daily volume of 32,357 shares. The stock had previously closed at $43.71.

ProShares UltraShort Yen Stock Performance

The stock has a 50-day simple moving average of $44.48 and a two-hundred day simple moving average of $43.27.

Institutional Investors Weigh In On ProShares UltraShort Yen

An institutional investor recently bought a new position in ProShares UltraShort Yen stock. Park Edge Advisors LLC acquired a new position in ProShares UltraShort Yen (NYSEARCA:YCS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,641 shares of the company’s stock, valued at approximately $822,000. Park Edge Advisors LLC owned 1.93% of ProShares UltraShort Yen at the end of the most recent quarter.

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.