ProShares UltraShort Yen (NYSEARCA:YCS) Shares Up 0.5% – Here’s Why

ProShares UltraShort Yen (NYSEARCA:YCS) rose 0.5% on Tuesday . The stock traded as high as $45.34 and last traded at $45.24. Approximately 5,084 shares were traded during trading, a decline of 56% from the average daily volume of 11,640 shares. The stock had previously closed at $45.01.

ProShares UltraShort Yen Trading Up 0.5 %

The stock’s 50-day moving average price is $46.30 and its 200-day moving average price is $43.51.

Hedge Funds Weigh In On ProShares UltraShort Yen

An institutional investor recently raised its position in ProShares UltraShort Yen stock. Nkcfo LLC raised its stake in shares of ProShares UltraShort Yen (NYSEARCA:YCS) by 100.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 102,500 shares of the company’s stock after purchasing an additional 51,250 shares during the period. ProShares UltraShort Yen makes up approximately 2.1% of Nkcfo LLC’s portfolio, making the stock its 11th biggest holding. Nkcfo LLC owned about 22.85% of ProShares UltraShort Yen worth $4,785,000 as of its most recent SEC filing.

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.