ProShares UltraShort Yen (NYSEARCA:YCS) Short Interest Down 56.6% in May

ProShares UltraShort Yen (NYSEARCA:YCS) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,830 shares, a decline of 56.6% from the May 14th total of 31,846 shares. Based on an average trading volume of 15,302 shares, the short-interest ratio is presently 0.9 days. Approximately 2.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in ProShares UltraShort Yen in the 3rd quarter valued at $236,000. Jane Street Group LLC purchased a new position in shares of ProShares UltraShort Yen during the fourth quarter worth about $566,000. Finally, Nkcfo LLC acquired a new position in ProShares UltraShort Yen in the 3rd quarter valued at about $1,002,000.

ProShares UltraShort Yen Stock Down 1.5%

Shares of YCS stock opened at $54.26 on Friday. The stock’s 50-day moving average is $53.61 and its two-hundred day moving average is $51.99. ProShares UltraShort Yen has a 1 year low of $40.50 and a 1 year high of $55.29.

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.