Short Interest in ProShares UltraShort Yen (NYSEARCA:YCS) Decreases By 48.1%

ProShares UltraShort Yen (NYSEARCA:YCS) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 24,202 shares, a decline of 48.1% from the February 12th total of 46,643 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average trading volume of 20,366 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 20,366 shares, the days-to-cover ratio is currently 1.2 days. Currently, 4.0% of the shares of the stock are short sold.

Institutional Trading of ProShares UltraShort Yen

A number of hedge funds have recently added to or reduced their stakes in YCS. Geneos Wealth Management Inc. acquired a new position in shares of ProShares UltraShort Yen during the third quarter worth $50,000. FNY Investment Advisers LLC bought a new stake in ProShares UltraShort Yen during the 3rd quarter worth $236,000. Jane Street Group LLC acquired a new position in ProShares UltraShort Yen in the 4th quarter worth about $566,000. Nkcfo LLC bought a new position in ProShares UltraShort Yen in the third quarter valued at about $1,002,000. Finally, Mutual Advisors LLC bought a new position in ProShares UltraShort Yen in the third quarter valued at about $3,156,000.

ProShares UltraShort Yen Stock Up 0.5%

Shares of YCS stock traded up $0.26 on Friday, reaching $53.53. The company had a trading volume of 18,647 shares, compared to its average volume of 34,468. The business’s 50-day moving average is $51.05 and its 200 day moving average is $48.80. ProShares UltraShort Yen has a one year low of $38.89 and a one year high of $53.55.

About ProShares UltraShort Yen

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.