ProShares Ultra Yen (NYSEARCA:YCL) Short Interest Update

ProShares Ultra Yen (NYSEARCA:YCL) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 31,377 shares, a decrease of 35.5% from the November 30th total of 48,629 shares. Based on an average daily volume of 47,737 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.4% of the shares of the company are short sold. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 47,737 shares, the days-to-cover ratio is presently 0.7 days.

ProShares Ultra Yen Stock Down 0.5%

NYSEARCA YCL opened at $19.25 on Friday. The company has a fifty day simple moving average of $19.65 and a two-hundred day simple moving average of $21.20. ProShares Ultra Yen has a 12-month low of $18.90 and a 12-month high of $24.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra Yen stock. Jane Street Group LLC grew its position in ProShares Ultra Yen (NYSEARCA:YCL) by 19.0% in the first quarter, according to its most recent Form 13F filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

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.