ProShares UltraShort Yen (NYSEARCA:YCS) Stock Price Up 2.3%

Shares of ProShares UltraShort Yen (NYSEARCA:YCS) traded up 2.3% during mid-day trading on Tuesday . The company traded as high as $76.03 and last traded at $76.03. 52,443 shares were traded during trading, an increase of 182% from the average session volume of 18,580 shares. The stock had previously closed at $74.35.

ProShares UltraShort Yen Stock Performance

The stock’s 50-day moving average price is $81.44 and its 200-day moving average price is $85.12.

Institutional Investors Weigh In On ProShares UltraShort Yen

A hedge fund recently bought a new stake in ProShares UltraShort Yen stock. Park Edge Advisors LLC purchased a new position in ProShares UltraShort Yen (NYSEARCA:YCS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,641 shares of the company’s stock, valued at approximately $822,000. Park Edge Advisors LLC owned about 1.93% of ProShares UltraShort Yen as of its most recent filing with the Securities & Exchange Commission.

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.