ProShares UltraShort Yen (NYSEARCA:YCS) Short Interest Down 48.1% in February

ProShares UltraShort Yen (NYSEARCA:YCS) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 24,202 shares, a drop of 48.1% from the February 12th total of 46,643 shares. Approximately 4.0% of the shares of the company are sold short. Based on an average trading volume of 20,366 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 20,366 shares, the short-interest ratio is presently 1.2 days. Approximately 4.0% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares UltraShort Yen

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new position in ProShares UltraShort Yen in the 3rd quarter valued at $50,000. Mutual Advisors LLC acquired a new position in shares of ProShares UltraShort Yen during the third quarter worth about $3,156,000. Nkcfo LLC purchased a new position in ProShares UltraShort Yen during the third quarter worth about $1,002,000. FNY Investment Advisers LLC acquired a new stake in ProShares UltraShort Yen in the third quarter valued at about $236,000. Finally, Jane Street Group LLC acquired a new stake in ProShares UltraShort Yen in the fourth quarter valued at about $566,000.

ProShares UltraShort Yen Stock Performance

Shares of ProShares UltraShort Yen stock traded up $0.26 during trading on Friday, reaching $53.53. The company’s stock had a trading volume of 18,647 shares, compared to its average volume of 34,468. ProShares UltraShort Yen has a fifty-two week low of $38.89 and a fifty-two week high of $53.55. The company has a 50-day moving average price of $51.05 and a two-hundred day moving average price of $48.80.

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.