Short Interest in ProShares Ultra Yen (NYSEARCA:YCL) Expands By 127.6%

ProShares Ultra Yen (NYSEARCA:YCL) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 32,824 shares, a growth of 127.6% from the December 31st total of 14,423 shares. Based on an average trading volume of 51,206 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.3% of the shares of the stock are short sold. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 51,206 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of ProShares Ultra Yen

A hedge fund recently raised its stake in ProShares Ultra Yen stock. Jane Street Group LLC boosted its position in shares of ProShares Ultra Yen (NYSEARCA:YCL) by 19.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,823 shares of the company’s stock after buying 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 quarter.

ProShares Ultra Yen Stock Performance

YCL traded up $0.07 during trading on Thursday, reaching $19.92. The stock had a trading volume of 77,098 shares, compared to its average volume of 82,041. ProShares Ultra Yen has a 1-year low of $18.47 and a 1-year high of $24.90. The stock has a 50 day moving average of $19.18 and a two-hundred day moving average of $20.57.

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.