ProShares Ultra Yen (NYSEARCA:YCL – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 116,778 shares, an increase of 99.6% from the June 15th total of 58,495 shares. Based on an average daily trading volume, of 33,321 shares, the days-to-cover ratio is presently 3.5 days. Approximately 6.3% of the company’s shares are short sold.
Institutional Investors Weigh In On ProShares Ultra Yen
An institutional investor recently raised its stake in ProShares Ultra Yen stock. Jane Street Group LLC increased its position in shares of ProShares Ultra Yen (NYSEARCA:YCL – Free Report) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,823 shares of the company’s stock after buying an additional 14,660 shares during the quarter. Jane Street Group LLC owned about 3.53% of ProShares Ultra Yen worth $2,010,000 at the end of the most recent reporting period.
ProShares Ultra Yen Price Performance
NYSEARCA YCL opened at $17.30 on Friday. ProShares Ultra Yen has a fifty-two week low of $17.26 and a fifty-two week high of $22.50. The stock’s fifty day moving average is $17.82 and its two-hundred day moving average is $18.43.
ProShares Ultra Yen Company Profile
The ProShares Ultra Yen (YCL) is an exchange-traded fund that is based on the Japanese Yen per U.S. Dollar index. The fund provides a 2x multiple to the daily performance of the Japanese yen spot price against the US dollar as measured by Reuters. YCL was launched on Nov 24, 2008 and is managed by ProShares.
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