ProShares UltraShort Yen (NYSEARCA:YCS) Shares Up 0.5% – Should You Buy?

Shares of ProShares UltraShort Yen (NYSEARCA:YCS) traded up 0.5% during trading on Tuesday . The stock traded as high as $45.34 and last traded at $45.24. 5,084 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 11,640 shares. The stock had previously closed at $45.01.

ProShares UltraShort Yen Trading Up 0.5 %

The business’s 50-day simple moving average is $46.30 and its two-hundred day simple moving average is $43.51.

Institutional Trading of ProShares UltraShort Yen

An institutional investor recently raised its position in ProShares UltraShort Yen stock. Nkcfo LLC grew its holdings in shares of ProShares UltraShort Yen (NYSEARCA:YCS) by 100.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,500 shares of the company’s stock after buying an additional 51,250 shares during the period. ProShares UltraShort Yen makes up 2.1% of Nkcfo LLC’s investment portfolio, making the stock its 11th largest holding. Nkcfo LLC owned about 22.85% of ProShares UltraShort Yen worth $4,785,000 as of its most recent SEC filing.

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.