Nkcfo LLC Boosts Stock Position in ProShares UltraShort Yen $YCS

Nkcfo LLC lifted its holdings in shares of ProShares UltraShort Yen (NYSEARCA:YCS) by 284.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 86,325 shares of the company’s stock after buying an additional 63,850 shares during the period. ProShares UltraShort Yen accounts for approximately 1.3% of Nkcfo LLC’s holdings, making the stock its 17th largest holding. Nkcfo LLC owned approximately 0.13% of ProShares UltraShort Yen worth $4,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ProShares UltraShort Yen Price Performance

YCS stock opened at $51.84 on Friday. ProShares UltraShort Yen has a 52 week low of $40.00 and a 52 week high of $54.67. The firm has a 50-day simple moving average of $52.92 and a 200-day simple moving average of $50.88.

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.