ProShares UltraShort Yen (NYSEARCA:YCS) Short Interest Update

ProShares UltraShort Yen (NYSEARCA:YCS) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 14,286 shares, a drop of 41.0% from the February 26th total of 24,202 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 26,351 shares, the short-interest ratio is presently 0.5 days.

ProShares UltraShort Yen Price Performance

Shares of YCS traded up $0.23 during mid-day trading on Friday, hitting $53.99. The stock had a trading volume of 17,378 shares, compared to its average volume of 33,837. The company’s fifty day simple moving average is $51.35 and its two-hundred day simple moving average is $49.45. ProShares UltraShort Yen has a fifty-two week low of $38.89 and a fifty-two week high of $54.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YCS. Geneos Wealth Management Inc. bought a new stake in ProShares UltraShort Yen in the 3rd quarter valued at about $50,000. Mutual Advisors LLC bought a new position in ProShares UltraShort Yen during the 3rd quarter valued at $3,156,000. Nkcfo LLC acquired a new position in shares of ProShares UltraShort Yen during the 3rd quarter valued at $1,002,000. FNY Investment Advisers LLC bought a new stake in shares of ProShares UltraShort Yen in the 3rd quarter worth $236,000. Finally, Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Yen in the fourth quarter valued at $566,000.

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.