ProShares UltraShort Yen (NYSEARCA:YCS – Get Free Report)’s stock price shot up 0.5% on Monday. The stock traded as high as $54.61 and last traded at $54.57. 10,584 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 26,796 shares. The stock had previously closed at $54.30.
ProShares UltraShort Yen Stock Performance
The firm’s 50 day simple moving average is $53.95 and its 200 day simple moving average is $53.68.
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.
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