Short Interest in ProShares UltraShort Yen (NYSEARCA:YCS) Increases By 42.0%

ProShares UltraShort Yen (NYSEARCA:YCS) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 46,643 shares, a growth of 42.0% from the January 29th total of 32,843 shares. Approximately 7.8% of the shares of the company are sold short. Based on an average daily volume of 38,020 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 38,020 shares, the days-to-cover ratio is currently 1.2 days. Approximately 7.8% of the shares of the company are sold short.

ProShares UltraShort Yen Trading Up 0.3%

YCS stock traded up $0.13 during midday trading on Friday, reaching $51.15. 6,414 shares of the stock were exchanged, compared to its average volume of 36,559. ProShares UltraShort Yen has a 52 week low of $38.89 and a 52 week high of $52.71. The company has a fifty day moving average price of $50.70 and a 200 day moving average price of $48.23.

Institutional Investors Weigh In On ProShares UltraShort Yen

Large investors have recently added to or reduced their stakes in the business. Mutual Advisors LLC bought a new stake in shares of ProShares UltraShort Yen during the third quarter worth about $3,156,000. Nkcfo LLC boosted its stake in ProShares UltraShort Yen by 284.1% during the 4th quarter. Nkcfo LLC now owns 86,325 shares of the company’s stock valued at $4,394,000 after purchasing an additional 63,850 shares during the last quarter. Jane Street Group LLC bought a new stake in ProShares UltraShort Yen during the 4th quarter worth approximately $566,000. FNY Investment Advisers LLC bought a new stake in ProShares UltraShort Yen during the 3rd quarter worth approximately $236,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of ProShares UltraShort Yen in the third quarter worth approximately $50,000.

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.