Name of ETF: ProShares UltraShort Yen
Ticker Symbol: YCS
Daily Target: -2x the daily performance of the USD price of the JPY
Underlying Currency: This ETF allows investors to take a leveraged position on the US dollar relative to the Japanese Yen. In the case of this ETF, the multiplier is -2x (-200%). The ETF is designed to go up if the US dollar appreciates in value relative to the Yen. If the US dollar depreciates in value relative to the Yen, the ETF is designed to go down.
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