Short Interest in ProShares Ultra Yen (NYSEARCA:YCL) Rises By 101.3%

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

ProShares Ultra Yen Trading Down 0.3%

Shares of YCL traded down $0.06 during mid-day trading on Tuesday, reaching $17.95. The stock had a trading volume of 45,506 shares, compared to its average volume of 52,150. ProShares Ultra Yen has a 52-week low of $17.92 and a 52-week high of $23.86. The business’s fifty day moving average is $18.27 and its 200 day moving average is $18.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Private Wealth Advisors LLC bought a new position in shares of ProShares Ultra Yen (NYSEARCA:YCL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.