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

ProShares Ultra Yen (NYSEARCA:YCL) was the target of a large growth in short interest in 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. Based on an average trading volume of 57,211 shares, the days-to-cover ratio is currently 1.2 days. Approximately 2.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra Yen stock. Jane Street Group LLC increased its holdings in shares of ProShares Ultra Yen (NYSEARCA:YCL) by 19.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,823 shares of the company’s stock after acquiring an additional 14,660 shares during the quarter. Jane Street Group LLC owned about 3.53% of ProShares Ultra Yen worth $2,010,000 at the end of the most recent reporting period.

ProShares Ultra Yen Stock Down 0.5%

Shares of YCL stock traded down $0.09 during trading hours on Friday, hitting $18.02. The company’s stock had a trading volume of 54,304 shares, compared to its average volume of 63,153. ProShares Ultra Yen has a 12-month low of $18.00 and a 12-month high of $24.90. The company has a 50 day moving average of $18.96 and a 200 day moving average of $19.69.

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.