ProShares UltraShort Yen (NYSEARCA:YCS) Shares Climb 0.5% – Time to Buy?

ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report)’s share price were up 0.5% during trading on Monday. The stock traded as high as $54.88 and last traded at $54.78. Approximately 9,259 shares changed hands during trading, a decline of 67% from the average daily volume of 28,372 shares. The stock had previously closed at $54.53.

ProShares UltraShort Yen Stock Performance

The firm’s 50 day moving average price is $53.90 and its 200-day moving average price is $54.39.

About ProShares UltraShort Yen

(Get Free Report)

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.

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