ProShares UltraShort Yen (NYSEARCA:YCS) Trading Down 1% – Here’s What Happened

ProShares UltraShort Yen (NYSEARCA:YCS) shares fell 1% during mid-day trading on Monday . The company traded as low as $42.20 and last traded at $42.46. 9,014 shares were traded during trading, a decline of 20% from the average session volume of 11,267 shares. The stock had previously closed at $42.88.

ProShares UltraShort Yen Stock Performance

The business has a 50-day moving average price of $45.70 and a 200-day moving average price of $43.99.

Institutional Investors Weigh In On ProShares UltraShort Yen

A hedge fund recently raised its stake in ProShares UltraShort Yen stock. Nkcfo LLC raised its holdings in ProShares UltraShort Yen (NYSEARCA:YCS) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,500 shares of the company’s stock after buying an additional 51,250 shares during the quarter. ProShares UltraShort Yen comprises 2.1% of Nkcfo LLC’s holdings, making the stock its 11th largest position. Nkcfo LLC owned 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.