ProShares Ultra Yen (NYSEARCA:YCL) Short Interest Update

ProShares Ultra Yen (NYSEARCA:YCL) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 14,423 shares, a drop of 54.0% from the December 15th total of 31,377 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 68,044 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 68,044 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares Ultra Yen

A hedge fund recently raised its stake in ProShares Ultra Yen stock. Jane Street Group LLC boosted its holdings in ProShares Ultra Yen (NYSEARCA:YCL) by 19.0% during the first quarter, according to its most recent 13F filing with the Securities & 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 3.53% of ProShares Ultra Yen worth $2,010,000 at the end of the most recent reporting period.

ProShares Ultra Yen Price Performance

YCL stock traded down $0.01 during mid-day trading on Thursday, reaching $18.57. 72,192 shares of the company traded hands, compared to its average volume of 51,168. ProShares Ultra Yen has a fifty-two week low of $18.47 and a fifty-two week high of $24.90. The firm’s 50 day moving average price is $19.28 and its 200 day moving average price is $20.81.

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.