ProShares Ultra Yen (NYSEARCA:YCL – Get Free Report) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 66,111 shares, a growth of 85.9% from the February 26th total of 35,571 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average trading volume of 57,211 shares, the days-to-cover ratio is currently 1.2 days.
ProShares Ultra Yen Trading Down 0.5%
Shares of NYSEARCA YCL traded down $0.10 during mid-day trading on Thursday, reaching $18.13. The company had a trading volume of 55,667 shares, compared to its average volume of 63,153. ProShares Ultra Yen has a 52 week low of $18.13 and a 52 week high of $24.90. The business’s 50-day moving average is $18.99 and its 200-day moving average is $19.73.
Hedge Funds Weigh In On ProShares Ultra Yen
A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Private Wealth Advisors LLC bought a new position in shares of ProShares Ultra Yen (NYSEARCA:YCL – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 49,161 shares of the company’s stock, valued at approximately $937,000. Private Wealth Advisors LLC owned approximately 1.93% of ProShares Ultra Yen at the end of the most recent reporting period.
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.
Further Reading
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