ProShares Ultra Yen (NYSEARCA:YCL – Get Free Report) traded up 0.8% during mid-day trading on Tuesday . The company traded as high as $22.17 and last traded at $22.16. 136,314 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 86,366 shares. The stock had previously closed at $21.99.
ProShares Ultra Yen Trading Up 0.8 %
The firm’s 50-day moving average is $23.76 and its 200 day moving average is $22.59.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Raffles Associates LP acquired a new position in shares of ProShares Ultra Yen (NYSEARCA:YCL – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company’s stock, valued at approximately $203,000. Raffles Associates LP owned about 0.54% of ProShares Ultra Yen at the end of the most recent reporting period.
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.
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