ProShares Ultra Yen (NYSEARCA:YCL) Short Interest Update

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

Hedge Funds Weigh In On ProShares Ultra Yen

An institutional investor recently raised its position 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 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,823 shares of the company’s stock after acquiring an additional 14,660 shares during the period. 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 Price Performance

Shares of NYSEARCA:YCL traded down $0.40 during trading on Friday, hitting $19.53. 129,203 shares of the stock were exchanged, compared to its average volume of 83,673. ProShares Ultra Yen has a 1-year low of $18.47 and a 1-year high of $24.90. The company’s fifty day simple moving average is $19.20 and its 200-day simple moving average is $20.56.

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.