ProShares UltraShort Yen (NYSEARCA:YCS) Trading Down 1%

Shares of ProShares UltraShort Yen (NYSEARCA:YCS) dropped 1% during mid-day trading on Tuesday . The company traded as low as $86.97 and last traded at $87.22. Approximately 9,408 shares changed hands during trading, a decline of 47% from the average daily volume of 17,823 shares. The stock had previously closed at $88.08.

ProShares UltraShort Yen Stock Performance

The stock has a 50-day simple moving average of $91.46 and a 200-day simple moving average of $85.03.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nkcfo LLC lifted its holdings in shares of ProShares UltraShort Yen by 168.5% in the fourth quarter. Nkcfo LLC now owns 32,425 shares of the company’s stock valued at $2,236,000 after buying an additional 20,350 shares during the period. Park Edge Advisors LLC acquired a new stake in shares of ProShares UltraShort Yen in the second quarter valued at $822,000. Finally, Brookstone Capital Management acquired a new stake in shares of ProShares UltraShort Yen in the second quarter valued at $368,000.

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.