ProShares UltraShort Yen (NYSEARCA:YCS) Sees Large Increase in Short Interest

ProShares UltraShort Yen (NYSEARCA:YCS) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 84,600 shares, a growth of 142.4% from the August 31st total of 34,900 shares. Based on an average daily volume of 37,800 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 37,800 shares, the days-to-cover ratio is currently 2.2 days.

ProShares UltraShort Yen Trading Up 0.1%

Shares of NYSEARCA YCS opened at $44.25 on Friday. ProShares UltraShort Yen has a 52 week low of $38.89 and a 52 week high of $48.46. The firm has a 50-day moving average price of $44.13 and a 200 day moving average price of $42.71.

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.