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

ProShares UltraShort Yen (NYSEARCA:YCS) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 8,307 shares, a decrease of 49.2% from the July 30th total of 16,367 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 39,192 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares UltraShort Yen stock. Jane Street Group LLC purchased a new position in ProShares UltraShort Yen (NYSEARCA:YCS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,120 shares of the company’s stock, valued at approximately $566,000. Jane Street Group LLC owned about 1.85% of ProShares UltraShort Yen as of its most recent SEC filing.

ProShares UltraShort Yen Stock Performance

NYSEARCA YCS traded up $0.46 during mid-day trading on Friday, hitting $55.43. The stock had a trading volume of 9,820 shares, compared to its average volume of 31,283. The company has a 50 day simple moving average of $55.71 and a 200 day simple moving average of $53.95. ProShares UltraShort Yen has a 52-week low of $42.92 and a 52-week high of $57.92.

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.