ProShares UltraShort Yen (NYSEARCA:YCS) Short Interest Down 74.5% in December

ProShares UltraShort Yen (NYSEARCA:YCS) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 8,384 shares, a drop of 74.5% from the November 30th total of 32,937 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 89,555 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 89,555 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new stake in shares of ProShares UltraShort Yen during the 3rd quarter valued at $50,000. FNY Investment Advisers LLC acquired a new position in ProShares UltraShort Yen during the 3rd quarter valued at about $236,000. Nkcfo LLC purchased a new stake in ProShares UltraShort Yen in the third quarter valued at about $1,002,000. Finally, Mutual Advisors LLC acquired a new stake in ProShares UltraShort Yen in the third quarter worth about $3,156,000.

ProShares UltraShort Yen Stock Up 0.8%

Shares of NYSEARCA:YCS traded up $0.39 during trading on Friday, reaching $50.73. The company’s stock had a trading volume of 14,728 shares, compared to its average volume of 33,114. The firm’s 50 day simple moving average is $49.40 and its two-hundred day simple moving average is $45.76. ProShares UltraShort Yen has a 12 month low of $38.89 and a 12 month high of $51.47.

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.