ProShares Ultra Yen (NYSEARCA:YCL) Short Interest Up 101.3% in May

ProShares Ultra Yen (NYSEARCA:YCL) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 53,987 shares, a growth of 101.3% from the April 30th total of 26,824 shares. Based on an average trading volume of 19,944 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.2% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares Ultra Yen

A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Private Wealth Advisors LLC acquired a new position in ProShares Ultra Yen (NYSEARCA:YCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 reporting period.

ProShares Ultra Yen Trading Down 0.3%

NYSEARCA:YCL traded down $0.05 on Monday, hitting $18.02. The stock had a trading volume of 11,020 shares, compared to its average volume of 52,177. ProShares Ultra Yen has a 52-week low of $17.94 and a 52-week high of $23.93. The business’s 50-day simple moving average is $18.28 and its two-hundred day simple moving average is $18.85.

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.