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

ProShares UltraShort Yen (NYSEARCA:YCS) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 8,307 shares, a decline of 49.2% from the July 30th total of 16,367 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 39,192 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On ProShares UltraShort Yen

An institutional investor recently bought a new position in ProShares UltraShort Yen stock. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Yen (NYSEARCA:YCS) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 11,120 shares of the company’s stock, valued at approximately $566,000. Jane Street Group LLC owned 1.85% of ProShares UltraShort Yen as of its most recent filing with the SEC.

ProShares UltraShort Yen Stock Up 0.8%

Shares of NYSEARCA:YCS traded up $0.46 during trading on Friday, reaching $55.43. 9,820 shares of the stock were exchanged, compared to its average volume of 31,283. The firm’s 50-day moving average price is $55.71 and its 200 day moving average price is $53.95. ProShares UltraShort Yen has a 12-month low of $42.92 and a 12-month high of $57.92.

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.