ProShares Ultra Yen (NYSEARCA:YCL – Get Free Report) shares shot up 0.5% during mid-day trading on Tuesday . The stock traded as high as $22.95 and last traded at $22.90. 88,621 shares were traded during trading, an increase of 5% from the average session volume of 84,286 shares. The stock had previously closed at $22.78.
ProShares Ultra Yen Trading Down 0.5 %
The firm has a fifty day moving average of $24.32 and a 200-day moving average of $22.67.
Hedge Funds Weigh In On ProShares Ultra Yen
A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Raffles Associates LP purchased a new position in shares of ProShares Ultra Yen (NYSEARCA:YCL – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $203,000. Raffles Associates LP owned 0.54% of ProShares Ultra Yen as of its most recent filing with the Securities & Exchange Commission.
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.
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