ProShares UltraShort Yen (NYSEARCA:YCS – Get Rating) shares shot up 2.8% during trading on Monday . The company traded as high as $57.04 and last traded at $56.82. 3,859 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 22,926 shares. The stock had previously closed at $55.25.
ProShares UltraShort Yen Stock Up 2.8 %
The company’s fifty day simple moving average is $56.01 and its two-hundred day simple moving average is $58.79.
Institutional Trading of ProShares UltraShort Yen
Several institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its stake in shares of ProShares UltraShort Yen by 1,079.9% in the fourth quarter. UBS Group AG now owns 3,634 shares of the company’s stock valued at $195,000 after buying an additional 3,326 shares during the period. Morgan Stanley lifted its position in shares of ProShares UltraShort Yen by 2,025.4% during the 4th quarter. Morgan Stanley now owns 3,932 shares of the company’s stock valued at $211,000 after acquiring an additional 3,747 shares during the period. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Yen during the 2nd quarter worth $274,000. Savior LLC bought a new position in shares of ProShares UltraShort Yen in the third quarter worth $1,515,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in ProShares UltraShort Yen in the third quarter valued at about $1,740,000.
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.
Further Reading
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