ProShares Ultra Yen (NYSEARCA:YCL) Short Interest Update

ProShares Ultra Yen (NYSEARCA:YCL) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 116,778 shares, a growth 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 shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Ultra Yen

An institutional investor recently bought a new position in ProShares Ultra Yen stock. Private Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Yen (NYSEARCA:YCL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,161 shares of the company’s stock, valued at approximately $937,000. Private Wealth Advisors LLC owned about 1.93% of ProShares Ultra Yen at the end of the most recent quarter.

ProShares Ultra Yen Stock Down 0.1%

YCL opened at $17.39 on Thursday. The company has a fifty day moving average of $17.88 and a 200 day moving average of $18.45. ProShares Ultra Yen has a fifty-two week low of $17.30 and a fifty-two week high of $22.50.

About ProShares Ultra Yen

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.