ProShares UltraShort Yen (NYSEARCA:YCS) Stock Price Down 1.4% – Here’s Why

Shares of ProShares UltraShort Yen (NYSEARCA:YCS) were down 1.4% during mid-day trading on Tuesday . The company traded as low as $46.68 and last traded at $46.68. Approximately 13,274 shares traded hands during trading, a decline of 57% from the average daily volume of 31,000 shares. The stock had previously closed at $47.35.

ProShares UltraShort Yen Price Performance

The company’s 50 day moving average is $45.98 and its 200 day moving average is $43.47.

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.