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

ProShares UltraShort Yen (NYSEARCA:YCS) shot up 0.3% during trading on Friday . The company traded as high as $53.88 and last traded at $53.88. 6,387 shares traded hands during trading, a decline of 81% from the average session volume of 33,212 shares. The stock had previously closed at $53.70.

ProShares UltraShort Yen Stock Performance

The business’s 50-day simple moving average is $53.30 and its 200 day simple moving average is $51.46.

Institutional Trading of ProShares UltraShort Yen

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YCS. FNY Investment Advisers LLC purchased a new position in ProShares UltraShort Yen during the third quarter valued at $236,000. Jane Street Group LLC purchased a new position in ProShares UltraShort Yen during the fourth quarter valued at $566,000. Nkcfo LLC purchased a new position in ProShares UltraShort Yen during the third quarter valued at $1,002,000. Finally, Mutual Advisors LLC purchased a new position in ProShares UltraShort Yen during the third quarter valued at $3,156,000.

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.