ProShares UltraShort Yen Stock to Split on Wednesday, November 6th (NYSEARCA:YCS)

Shares of ProShares UltraShort Yen (NYSEARCA:YCS) are going to split before the market opens on Wednesday, November 6th. The 2-1 split was announced on Monday, October 28th. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, November 5th.

ProShares UltraShort Yen Stock Up 1.4 %

YCS opened at $88.93 on Friday. ProShares UltraShort Yen has a 12-month low of $68.55 and a 12-month high of $96.65. The stock’s 50 day moving average price is $81.04 and its two-hundred day moving average price is $85.65.

Institutional Trading of ProShares UltraShort Yen

A hedge fund recently bought a new stake in ProShares UltraShort Yen stock. Park Edge Advisors LLC acquired a new stake in shares of ProShares UltraShort Yen (NYSEARCA:YCS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,641 shares of the company’s stock, valued at approximately $822,000. Park Edge Advisors LLC owned 1.93% of ProShares UltraShort Yen at the end of the most recent quarter.

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.