ProShares UltraShort Yen (NYSEARCA:YCS) Trading Up 0.4% – Still a Buy?

ProShares UltraShort Yen (NYSEARCA:YCS)’s stock price were up 0.4% during mid-day trading on Monday . The company traded as high as $44.39 and last traded at $44.30. Approximately 7,724 shares changed hands during trading, a decline of 72% from the average daily volume of 27,227 shares. The stock had previously closed at $44.11.

ProShares UltraShort Yen Stock Performance

The business has a 50-day simple moving average of $44.52 and a two-hundred day simple moving average of $44.56.

Institutional Investors Weigh In On ProShares UltraShort Yen

A hedge fund recently raised its stake in ProShares UltraShort Yen stock. Nkcfo LLC grew its position in ProShares UltraShort Yen (NYSEARCA:YCS) by 100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,500 shares of the company’s stock after acquiring an additional 51,250 shares during the period. ProShares UltraShort Yen comprises about 2.1% of Nkcfo LLC’s portfolio, making the stock its 11th largest holding. Nkcfo LLC owned 22.85% of ProShares UltraShort Yen worth $4,785,000 at the end of the most recent reporting period.

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.