ProShares Ultra Yen (NYSEARCA:YCL) Shares Up 1.7% – Here’s Why

ProShares Ultra Yen (NYSEARCA:YCL) were up 1.7% on Tuesday . The stock traded as high as $21.61 and last traded at $21.61. Approximately 73,051 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 87,954 shares. The stock had previously closed at $21.24.

ProShares Ultra Yen Stock Performance

The business has a 50 day moving average of $22.55 and a 200-day moving average of $22.51.

Hedge Funds Weigh In On ProShares Ultra Yen

A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Raffles Associates LP acquired a new position in shares of ProShares Ultra Yen (NYSEARCA:YCL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company’s stock, valued at approximately $203,000. Raffles Associates LP owned approximately 0.54% of ProShares Ultra Yen at the end of the most recent quarter.

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.