ProShares UltraShort Yen (NYSEARCA:YCS) Trading 0.9% Higher – Time to Buy?

Posted by Tyrone Williams on Dec 12th, 2024

ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) rose 0.9% during trading on Tuesday . The stock traded as high as $44.24 and last traded at $44.11. Approximately 2,978 shares were traded 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 Trading Up 0.1 %

The business has a 50-day moving average price of $44.67 and a two-hundred day moving average price of $43.28.

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 shares of ProShares UltraShort Yen (NYSEARCA:YCS – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,641 shares of the company’s stock, valued at approximately $822,000. Park Edge Advisors LLC owned approximately 1.93% of ProShares UltraShort Yen as of its most recent filing with the Securities and Exchange Commission.

About ProShares UltraShort Yen

(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.