ProShares UltraShort Yen (NYSEARCA:YCS) Sees Large Increase in Short Interest

ProShares UltraShort Yen (NYSEARCA:YCS) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 32,843 shares, an increase of 37.6% from the January 15th total of 23,863 shares. Approximately 5.5% of the company’s shares are sold short. Based on an average daily trading volume, of 64,542 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 64,542 shares, the days-to-cover ratio is currently 0.5 days. Approximately 5.5% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares UltraShort Yen

Institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. acquired a new position in shares of ProShares UltraShort Yen during the third quarter valued at about $50,000. Mutual Advisors LLC bought a new position in ProShares UltraShort Yen in the 3rd quarter valued at about $3,156,000. Nkcfo LLC acquired a new position in ProShares UltraShort Yen during the 3rd quarter valued at about $1,002,000. FNY Investment Advisers LLC bought a new stake in ProShares UltraShort Yen during the 3rd quarter worth approximately $236,000. Finally, Jane Street Group LLC bought a new stake in ProShares UltraShort Yen during the 4th quarter worth approximately $566,000.

ProShares UltraShort Yen Stock Performance

Shares of ProShares UltraShort Yen stock traded up $0.03 during trading on Monday, hitting $48.74. The company’s stock had a trading volume of 5,517 shares, compared to its average volume of 41,431. ProShares UltraShort Yen has a 52 week low of $38.89 and a 52 week high of $52.71. The stock has a 50-day moving average price of $50.68 and a two-hundred day moving average price of $47.82.

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.