ProShares Ultra Yen (NYSEARCA:YCL) Shares Up 1.7% – Time to Buy?

ProShares Ultra Yen (NYSEARCA:YCL) shares were up 1.7% during mid-day trading on Tuesday . The stock traded as high as $21.61 and last traded at $21.61. Approximately 73,051 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 87,954 shares. The stock had previously closed at $21.24.

ProShares Ultra Yen Trading Up 1.7 %

The business has a fifty day moving average price of $22.61 and a 200 day moving average price of $22.51.

Institutional Investors Weigh In On ProShares Ultra Yen

An institutional investor recently bought a new position in ProShares Ultra Yen stock. Raffles Associates LP bought a new position in ProShares Ultra Yen (NYSEARCA:YCL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $203,000. Raffles Associates LP owned approximately 0.54% of ProShares Ultra Yen as of its most recent SEC filing.

ProShares Ultra Yen Company Profile

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.