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

ProShares UltraShort Yen (NYSEARCA:YCS) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 13,830 shares, a decline of 56.6% from the May 14th total of 31,846 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 15,302 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of ProShares UltraShort Yen

Several hedge funds and other institutional investors have recently made changes to their positions in YCS. FNY Investment Advisers LLC acquired a new position in shares of ProShares UltraShort Yen during the third quarter worth about $236,000. Jane Street Group LLC purchased a new position in ProShares UltraShort Yen during the fourth quarter worth about $566,000. Finally, Nkcfo LLC acquired a new stake in ProShares UltraShort Yen in the third quarter valued at about $1,002,000.

ProShares UltraShort Yen Stock Down 1.5%

Shares of NYSEARCA YCS opened at $54.26 on Friday. The stock has a fifty day moving average price of $53.61 and a 200 day moving average price of $51.99. ProShares UltraShort Yen has a 1-year low of $40.50 and a 1-year high of $55.29.

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.