Nkcfo LLC Increases Stake in ProShares UltraShort Yen $YCS

Nkcfo LLC grew its stake in ProShares UltraShort Yen (NYSEARCA:YCS) by 284.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,325 shares of the company’s stock after purchasing an additional 63,850 shares during the period. ProShares UltraShort Yen comprises approximately 1.3% of Nkcfo LLC’s investment portfolio, making the stock its 17th largest holding. Nkcfo LLC owned 13.28% of ProShares UltraShort Yen worth $4,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in YCS. Geneos Wealth Management Inc. acquired a new position in shares of ProShares UltraShort Yen in the 3rd quarter valued at $50,000. FNY Investment Advisers LLC acquired a new stake in ProShares UltraShort Yen during the third quarter valued at $236,000. Finally, Mutual Advisors LLC purchased a new position in ProShares UltraShort Yen in the third quarter valued at $3,156,000.

ProShares UltraShort Yen Trading Down 4.8%

Shares of ProShares UltraShort Yen stock opened at $51.84 on Friday. The firm has a 50-day simple moving average of $52.92 and a two-hundred day simple moving average of $50.88. ProShares UltraShort Yen has a fifty-two week low of $40.00 and a fifty-two week high of $54.67.

ProShares UltraShort Yen 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.