ProShares Ultra Yen (NYSEARCA:YCL) Sees Significant Growth in Short Interest

ProShares Ultra Yen (NYSEARCA:YCL) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 33,333 shares, a growth of 111.1% from the January 29th total of 15,790 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 67,473 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 67,473 shares, the short-interest ratio is currently 0.5 days. Approximately 1.3% of the shares of the stock are sold short.

ProShares Ultra Yen Price Performance

Shares of NYSEARCA YCL traded down $0.00 during mid-day trading on Friday, reaching $19.06. 14,412 shares of the company traded hands, compared to its average volume of 69,583. ProShares Ultra Yen has a fifty-two week low of $18.47 and a fifty-two week high of $24.90. The stock has a fifty day simple moving average of $19.19 and a 200-day simple moving average of $20.20.

Institutional Trading of 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) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 49,161 shares of the company’s stock, valued at approximately $937,000. Private Wealth Advisors LLC owned 1.93% of ProShares Ultra Yen as of its most recent SEC filing.

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.