Short Interest in ProShares UltraShort Yen (NYSEARCA:YCS) Decreases By 56.6%
by Kim Johansen · The Markets DailyProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 13,830 shares, a decrease of 56.6% from the May 14th total of 31,846 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily volume of 15,302 shares, the days-to-cover ratio is presently 0.9 days.
ProShares UltraShort Yen Price Performance
Shares of YCS stock traded up $0.51 on Friday, hitting $54.77. The stock had a trading volume of 22,003 shares, compared to its average volume of 31,199. The stock’s 50 day moving average is $53.65 and its 200-day moving average is $52.01. ProShares UltraShort Yen has a 52-week low of $40.57 and a 52-week high of $56.47.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in YCS. Nkcfo LLC bought a new position in ProShares UltraShort Yen during the 3rd quarter valued at $1,002,000. FNY Investment Advisers LLC bought a new position in ProShares UltraShort Yen during the 3rd quarter valued at $236,000. Finally, Jane Street Group LLC bought a new position in ProShares UltraShort Yen during the 4th quarter valued at $566,000.
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.