Short Interest in ProShares Ultra Yen (NYSEARCA:YCL) Expands By 99.6%

ProShares Ultra Yen (NYSEARCA:YCL) saw a large 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 trading volume of 33,321 shares, the short-interest ratio is currently 3.5 days. Currently, 6.3% of the company’s stock are sold short.

ProShares Ultra Yen Stock Performance

NYSEARCA:YCL opened at $17.39 on Thursday. The firm has a 50-day simple moving average of $17.88 and a 200-day simple moving average of $18.45. ProShares Ultra Yen has a one year low of $17.30 and a one year high of $22.50.

Hedge Funds Weigh In On ProShares Ultra Yen

An institutional investor recently bought a new stake in ProShares Ultra Yen stock. Private Wealth Advisors LLC bought a new stake in shares of ProShares Ultra Yen (NYSEARCA:YCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 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.