ProShares Ultra Yen (NYSEARCA:YCL) Sees Significant Increase in Short Interest

ProShares Ultra Yen (NYSEARCA:YCL) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 116,778 shares, an increase of 99.6% from the June 15th total of 58,495 shares. Based on an average daily volume of 33,321 shares, the short-interest ratio is currently 3.5 days. Approximately 6.3% of the shares of the stock 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 grew its holdings in shares of ProShares Ultra Yen (NYSEARCA:YCL) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 Trading Down 0.2%

ProShares Ultra Yen stock traded down $0.03 during midday trading on Friday, reaching $17.30. 52,975 shares of the company were exchanged, compared to its average volume of 47,654. The firm’s 50-day simple moving average is $17.82 and its 200-day simple moving average is $18.43. ProShares Ultra Yen has a 1 year low of $17.26 and a 1 year high of $22.50.

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.