Short Interest in ProShares UltraShort Yen (NYSEARCA:YCS) Grows By 68.9%

ProShares UltraShort Yen (NYSEARCA:YCS) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 31,846 shares, an increase of 68.9% from the April 30th total of 18,859 shares. Based on an average trading volume of 20,730 shares, the days-to-cover ratio is presently 1.5 days. Approximately 5.8% of the company’s stock are short sold.

ProShares UltraShort Yen Stock Performance

Shares of YCS stock opened at $54.55 on Friday. The firm has a 50-day moving average of $53.50 and a 200-day moving average of $51.83. ProShares UltraShort Yen has a one year low of $40.50 and a one year high of $54.67.

Institutional Investors Weigh In On ProShares UltraShort Yen

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nkcfo LLC purchased a new position in shares of ProShares UltraShort Yen in the 3rd quarter worth approximately $1,002,000. Mutual Advisors LLC purchased a new stake in shares of ProShares UltraShort Yen during the third quarter valued at approximately $3,156,000. Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort Yen during the fourth quarter valued at approximately $566,000. Finally, FNY Investment Advisers LLC bought a new stake in ProShares UltraShort Yen during the third quarter worth $236,000.

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.