ProShares UltraShort Yen (NYSEARCA:YCS) Short Interest Up 104.1% in December

ProShares UltraShort Yen (NYSEARCA:YCS) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 17,109 shares, a growth of 104.1% from the December 15th total of 8,384 shares. Based on an average daily trading volume, of 25,167 shares, the short-interest ratio is currently 0.7 days. Approximately 2.4% of the shares of the company are sold short. Approximately 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 25,167 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On ProShares UltraShort Yen

Several large investors have recently made changes to their positions in YCS. Geneos Wealth Management Inc. bought a new stake in shares of ProShares UltraShort Yen during the third quarter valued at approximately $50,000. FNY Investment Advisers LLC bought a new position in shares of ProShares UltraShort Yen in the third quarter worth $236,000. Nkcfo LLC acquired a new position in shares of ProShares UltraShort Yen during the third quarter valued at $1,002,000. Finally, Mutual Advisors LLC acquired a new position in shares of ProShares UltraShort Yen during the third quarter valued at $3,156,000.

ProShares UltraShort Yen Price Performance

Shares of YCS opened at $52.34 on Thursday. The firm has a fifty day moving average of $50.32 and a 200-day moving average of $46.65. ProShares UltraShort Yen has a 1 year low of $38.89 and a 1 year high of $52.71.

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.