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ProShares Double
Short Yen ETF
One of the few
short currency ETFs
available is the Proshares Ultra Short Yen ETF (Symbol: YCS).
The YCS double short Yen ETF seeks to replicate double the inverse
daily performance of the Japanese Yen in U.S.
Dollar terms (JPY/USD cross rate), before fees and expenses, as
published in The Wall Street Journal daily at 4 pm Eastern
Standard Time in its currency charts section.
It is important to note that the
YCS double short Yen ETF seeks to replicate the daily
movement in the Yen and not over extended periods of time. Because YCS
invests in various financial instruments (futures contracts, forward
contracts, and option contracts) and because of the need to roll these
contracts periodically, actual performance compared to the change in the
price of the Japanese Yen may not be identical to a 200% inverse move.
Also, because of the leveraged nature of the YCS ETF, some stock brokers
may impose higher margin requirements for this Exchange Traded Fund.
The ProShares Ultra Short Yen Currency
ETF (YCS)
vital stats:
Symbol: YCS
Exchange: NYSE Arca
Options: Yes
Expense Ratio: 0.95%
Dividend Distribution: None
NAV or AUM: ~$588 Million
Options Available: Yes
CUSIP: 74347W858
Inception Date: 11/24/2008
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