Is YCS a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

719 people get YCS articles and Market Currents by email alert.

Get email alerts on YCS »

HEADLINES:

Japan ETF Rally Still Alive As Yen Weakens
Tom Lydon • Tue, May 14
Yen Below 100 To Benefit Japanese Export Stocks
Richard Cox • Mon, May 13
Japan's Market Drama Continues To Amaze
Doug Short • Mon, May 13 • 2 Comments
Japanese Yen ETFs Tumble As Dollar Breaks 100 Yen
Tom Lydon • Fri, May 10
A Continually Rising Yen: Reductio Ad Absurdum
Doug Short • Tue, May 7 • 20 Comments
ETFs To Short The Yen Like Mark Cuban
Tom Lydon • Mon, May 6 • 3 Comments
Japan: Inflation, Deflation Or Bond Crash?
Squeeky Wheel • Mon, Apr 29 • 38 Comments
Dollar Update: Still Weak, But Improving
Calafia Beach Pundit • Thu, Apr 4 • 5 Comments
On The BoJ's Latest Move: Nothing To See Here Folks, Move Right Along
Scott Sumner • Thu, Apr 4 • 5 Comments
Don't Fight The Japanese Fed; How A Japanese ETF Beat The Dow Jones Industrials
Robert Wagner • Fri, Mar 29 • 5 Comments
Foreign Affairs: Profiting From The Yen's Slide
Brad Zigler • Tue, Mar 26 • 1 Comment
Abenomics Vs. Cyprus Jitters
George Liu • Thu, Mar 21 • 3 Comments
Japan...Trade Opportunity?
Intelligent Speculator • Thu, Mar 14 • 2 Comments
Japan's Yen Breaks 94 Barrier
Profit Fan • Fri, Mar 8 • 10 Comments
On The Path To Abenomics, Yen To Drop
Profit Fan • Thu, Feb 28 • 1 Comment
Yen Shorts Get Tested
Profit Fan • Tue, Feb 26 • 3 Comments
Japan To Take One More Step Towards A Cheaper Yen
Profit Fan • Sun, Feb 24 • 4 Comments
Japan's Yen And U.S. Dollar Are On A 2-Way Street
Profit Fan • Fri, Feb 22 • 13 Comments
How Awkward Was That? G20's Inactivity Gives Yen An Extra Push
Profit Fan • Tue, Feb 19 • 4 Comments
Best-Performing Leveraged ETFs Year To Date
Bespoke Investment Group • Tue, Feb 12 • 2 Comments

To learn more about Seeking Alpha Pro, click here.

Japan To Take One More Step Towards A Cheaper Yen
Profit Fan • Sun, Feb 24 • 4 Comments
This ETF Could Be The Real Monetary Easing Play
Benzinga • Thu, Dec 13, 2012 • 3 Comments
The Optionality In Shorting The Yen
SL Advisors • Mon, Sep 24, 2012 • 13 Comments
Deepening Japanese Crisis Sinks the Yen
Sean Maher • Mon, Apr 6, 2009 • 2 Comments

Japan ETF Rally Still Alive As Yen Weakens
Tom Lydon • Tue, May 14
Yen Below 100 To Benefit Japanese Export Stocks
Richard Cox • Mon, May 13
Japan's Market Drama Continues To Amaze
Doug Short • Mon, May 13 • 2 Comments
Japanese Yen ETFs Tumble As Dollar Breaks 100 Yen
Tom Lydon • Fri, May 10
A Continually Rising Yen: Reductio Ad Absurdum
Doug Short • Tue, May 7 • 20 Comments
ETFs To Short The Yen Like Mark Cuban
Tom Lydon • Mon, May 6 • 3 Comments
Japan: Inflation, Deflation Or Bond Crash?
Squeeky Wheel • Mon, Apr 29 • 38 Comments
Dollar Update: Still Weak, But Improving
Calafia Beach Pundit • Thu, Apr 4 • 5 Comments
On The BoJ's Latest Move: Nothing To See Here Folks, Move Right Along
Scott Sumner • Thu, Apr 4 • 5 Comments
Don't Fight The Japanese Fed; How A Japanese ETF Beat The Dow Jones Industrials
Robert Wagner • Fri, Mar 29 • 5 Comments
Foreign Affairs: Profiting From The Yen's Slide
Brad Zigler • Tue, Mar 26 • 1 Comment
Abenomics Vs. Cyprus Jitters
George Liu • Thu, Mar 21 • 3 Comments
Japan...Trade Opportunity?
Intelligent Speculator • Thu, Mar 14 • 2 Comments
Japan's Yen Breaks 94 Barrier
Profit Fan • Fri, Mar 8 • 10 Comments
On The Path To Abenomics, Yen To Drop
Profit Fan • Thu, Feb 28 • 1 Comment
Yen Shorts Get Tested
Profit Fan • Tue, Feb 26 • 3 Comments
Japan's Yen And U.S. Dollar Are On A 2-Way Street
Profit Fan • Fri, Feb 22 • 13 Comments
How Awkward Was That? G20's Inactivity Gives Yen An Extra Push
Profit Fan • Tue, Feb 19 • 4 Comments
Best-Performing Leveraged ETFs Year To Date
Bespoke Investment Group • Tue, Feb 12 • 2 Comments
Chasing The Yen To 100
Daniel Kolodzik • Tue, Jan 29 • 49 Comments

There are no Transcripts on YCS.

Final Trade: Your First Move for Monday, April 1

at CNBC.com (Mar 28, 2013)
Final Trade: Your First Move for Wednesday, Feb. 13

at CNBC.com (Feb 12, 2013)
Jim Lowell: Pair trades for a more profitable 2013

at MarketWatch.com (Jan 2, 2013)
Web Extra: Your First Trade for Tuesday July 3rd

at CNBC.com (Jul 2, 2012)
Jim Lowell: March investing with an eye on Greece

at MarketWatch.com (Mar 1, 2012)
Market fear has ebbed but tide has not turned

at MarketWatch.com (Feb 1, 2012)
Currency ETFs are chump change in 2011

at MarketWatch.com (Dec 27, 2011)
Three ways to add holiday cheer to your portfolio

at MarketWatch.com (Dec 1, 2010)
How to profit from the sovereign debt crisis

at MarketWatch.com (May 17, 2010)

YCS vs. ETF Alternatives

YCS Description

ProShares UltraShort Yen seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the U.S. Dollar price of the Yen.
See more details on sponsor's website

Country: Japan

Key Info

In Your Portfolio: A Guide to Currency ETFs and ETNs
Asset Class Performance: Currencies

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 11:27 AM Silver's (SLV -0.6%) 9% plunge in the first minutes of trading overnight is being linked to hawkish talk from Japanese Economy Minister Akira Amari who warned the yen's (FXY +0.7%) fast decline may be hurting the economy. One fails to see the connection but dollar/yen did dive along with silver and Andrew Wilkinson suggests hedge funds short the yen were forced to raise cash by bailing on stale silver longs. 11 Comments [Commodities, On the Move]
Friday, May 17, 7:29 AM Copy the Goldman aussie forecast to the yen - its quick tumble also forcing the team to revise lower its already bearish forecasts. The analysts now see the dollar buying ¥110 twelve months out vs. ¥105 previously. The yen's (FXY) marginally stronger this morning, the dollar buying ¥102.40. Comment! [Global & FX]
Monday, May 13, 4:56 AM The yen (FXY) continues its slide , falling to a new four-and-a-half year low against the dollar, helping the Nikkei (NKY) post another triple-digit gain on the session, rising 1.2% to 14782, its highest level since January 2008. The weak yen comes on the heels of the G7's reportedly amicable meeting over the weekend, at which officials were generally supportive of the BOJ's policies and reiterated that Japan's goal is to fight deflation not engage in the targeting of exchange rates. 4 Comments [Global & FX]
Sunday, May 12, 9:49 PM In Japan, the Nikkei (NKY) scales yet another new five-year high, rising 1.39% ahead of key Chinese economic data. Comment!
Friday, May 10, 4:37 AM For the first time since April of 2009, the yen (FXY) fell through the 100-level against the dollar, helping the Nikkei rally nearly 3% on the session and almost 7% on the week. Japanese equities (EWJ) are now trading at levels last seen in January of 2008. Japanese capital flows data finally showed what many had been waiting for since BOJ Governor Kuroda's shot across the bow at deflation: an outflow, as Japanese investors became net buyers of foreign bonds. 6 Comments [Global & FX]
Thursday, May 9, 1:26 PM The yen (FXY -0.8%) has weakened sharply in the last few minutes, with the dollar making another run at ¥100, currently buying ¥99.80. A move into triple digits would be the first time that high for the greenback in 4 years. 4 Comments [Global & FX, On the Move]
Wednesday, May 8, 4:33 AM Fears that flagging demand in the U.S. and Europe would weigh heavily on China's trade data didn't play out, as exports grew 14.7% in April, helping the country swing to a surplus of $18.16B after posting a slight deficit in March. The data surprised analysts, even as some say the numbers may be inflated: "This probably reflects some overinvoicing [as] it was inconsistent with cargo volumes," one economist tells WSJ. Nevertheless, the data serves to buoy regional markets as the Nikkei (NKY) continues its ascent in Japan, rising 0.74% to yet another new five-year record high. Comment! [Global & FX]
Tuesday, May 7, 4:37 AM In Japan, stocks (EWJ) come off a long weekend well-rested and promptly rally to near five-year highs as the Nikkei surges 3.55% on the back of Friday's strong U.S. jobs data. Meanwhile, Australia's central bank cut rates by 25 basis points, sending the aussie (FXA) down 0.6% to two month lows against the dollar. 5 Comments
Monday, April 29, 3:09 PM Excitement for shorting the yen (FXY) has cooled among BAML's hedge fund clients, according to the firm's latest Macro Monitor. More or less a one-way trade for many months, the dollar hit a ceiling of ¥100 earlier this month and has fallen back (currently ¥98). Another popular short, the British Pound (FXB) has been costing traders money and forcing them to cover, a trend BAML suggests isn't fully played out. Comment! [Global & FX]
Friday, April 26, 11:10 AM The yen (FXY +1.6%) races higher, unwinding a bit of what had been about the world's most one-sided trade for the last 6 months. First comes price action then come excuses, and about the best reasons for today's slide in dollar/yen is the BOJ upping its economic forecast at last night's policy meeting, and the weak U.S. GDP print. The surging yen is hitting the year's hottest ETF, DXJ -1.7%. 2 Comments [Global & FX, On the Move]
Friday, April 19, 3:05 PM The yen weakens further as the G-20 statement (word doc) shows the gang agrees Japan's stimulus efforts are necessary and not aimed at devaluing the yen. Speaking to reporters, however, Canadian finmin Flahery says the yen wasn't discussed. Go figure. FXY -1.4%, with the dollar threatening to push over ¥100Y, now at ¥99.58. Comment! [Global & FX]
Tuesday, April 16, 8:28 AM After continuing to strengthen sharply in early trade overnight, the yen is back in full retreat, down more than 1% vs. the dollar which is now buying ¥97.88. Along with the big reversal came a big swing in the Nikkei, which fell more than 2% at one point, but closed down just 0.4%. FXY -1.1%, EWJ +0.6%, DXJ +0.5% premarket. Comment! [Global & FX, On the Move]
Monday, April 15, 2:42 PM Another popular position unwound today is the yen short trade, with much of the move coming in the past 90 minutes. The dollar (UUP) is off a full 1% vs. the yen (FXY +1.2%), but surging against most all other units. Particularly noteworthy are the "commodity currencies" - the aussie (FXA -1.6%), the loonie (FXC -1%). 1 Comment [Global & FX]
Thursday, April 11, 3:54 AM The Nikkei jumps 2% to 13,549.16, its highest close since July 2008, as the Bank of Japan's aggressive easing policy continues to turbo charge the market. The yen is up a bit vs the dollar, but is at 99.67 and still threatening 100. Meanwhile, other Asian shares are mixed. Hong Kong +0.2%, China -0.3%, India +0.2%. Comment! [Global & FX, Top Stories, On the Move]
Monday, April 8, 2:38 PM A renewed surge in the dollar vs. the yen (FXY -1.5%) , is leading/following/coincident to the rebound in stocks this afternoon. Now buying ¥99.25, the dollar is poised to crack ¥100 for the first time since April 2009. Vince Cignarella suggests chart watchers (who comprise the vast majority of fx traders) are eying the ¥99.75 level. Comment! [Global & FX, On the Move]
Monday, April 8, 1:34 AM The Bank of Japan has started its new aggressive asset-buying program, saying it will acquire ¥1T ($10.3B) of Japanese government bonds with maturities of 5-10 years, and ¥200B of bonds with maturities exceeding 10 years. The purchases are part of the BOJ's plan to inject $1.4T into the economy in under two years. The Nikkei is +2.5% and yen is -1% vs the dollar. 2 Comments [Global & FX, On the Move]

markrpat
US$ v. Yen. Buy $YCS vs. $FXY puts? Which is best proxy without selling otm calls and buying otm puts? Long May $FXY puts, DIM here.
Apr 10, 10:18 PM
Reply (1)

• !Report Abuse
View all 1 replies
markrpat: Based on : http://seekingalpha.com/a/44tc. Suggestions?
Apr 10, 10:19 PM
• !Report Abuse
Add a reply...

140 characters

ltfinger
New Upgrades (4/4/13): $BXP, $CRI, $DGX, $DIN, $EQR, $HLF, $HMC, $JOSB, $KSS, $LQDT, $OXY, $PPS, $SAFM, $SCO, $TM, $YCS, $SNI, $TAHO, $YCS
Apr 5, 12:30 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
New Downgrades (4/1/13): $TXI, $WLK, $YCS
Apr 2, 1:14 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
Today's Potential Downgrades (3/19/13): $XLE, $XOM, $XRT, $YCS
Mar 20, 8:53 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
Today's New Upgrades (3/7/13): $AVT, $CLH, $EWZ, $FNSR, $HNT, $HON, $LVLT, $MAC, $MPLX, $NAV, $R, $RJF, $SLG, $YCS
Mar 8, 12:42 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

whidbey
Japanese Central Bank Policy matters greatly 2% inflation makes $YCS and $DJX plays. Watch Davos for false assurances to investors.
Jan 21, 8:21 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Joshua Hayes
so many breakouts everywhere $CONN $RL $COLB $THC $DNDN $DHI $CLFD $PCYC $AKS $DAN $YCS $STEC
1/24/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Central Bank News
Bank of Japan Holds Rate, Announces Liquidity Measures FXY JYF YCL YCS http://bit.ly/rZ5QM7
12/21/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Michael Bryant
Short ProShares UltraShort Yen (YCS) & ProShares UltraShort Utilities (SDP). Utilities are considered safe havens. Yen rises if dollar falls
10/13/11
Reply (4)

• !Report Abuse
View all 4 replies
golfitobob: not confusing, just missed it... my bad
10/13/11
• !Report Abuse
pollyserial: I guess you don't need me to come along and point out that YCS is up nearly 10% since you wrote this.
11/18/12
• !Report Abuse
Add a reply...

140 characters

bid5
i need your advice about YCS, TBT & FSG
8/26/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

markrpat
US$ v. Yen. Buy $YCS vs. $FXY puts? Which is best proxy without selling otm calls and buying otm puts? Long May $FXY puts, DIM here.
Apr 10, 10:18 PM
Reply (1)

• !Report Abuse
View all 1 replies
markrpat: Based on : http://seekingalpha.com/a/44tc. Suggestions?
Apr 10, 10:19 PM
• !Report Abuse
Add a reply...

140 characters

Michael Bryant
Short ProShares UltraShort Yen (YCS) & ProShares UltraShort Utilities (SDP). Utilities are considered safe havens. Yen rises if dollar falls
10/13/11
Reply (4)

• !Report Abuse
View all 4 replies
golfitobob: not confusing, just missed it... my bad
10/13/11
• !Report Abuse
pollyserial: I guess you don't need me to come along and point out that YCS is up nearly 10% since you wrote this.
11/18/12
• !Report Abuse
Add a reply...

140 characters

YCS ProShares UltraShort Yen ETF

YCS

ProShares UltraShort Yen ETF