ProShares Ultra Yen (NYSEARCA:YCL – Get Free Report)’s stock price were up 0.8% on Tuesday . The stock traded as high as $22.17 and last traded at $22.16. Approximately 136,314 shares traded hands during trading, an increase of 58% from the average daily volume of 86,366 shares. The stock had previously closed at $21.99.
ProShares Ultra Yen Stock Performance
The company has a 50 day simple moving average of $23.63 and a two-hundred day simple moving average of $22.58.
Institutional Investors Weigh In On ProShares Ultra Yen
A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Raffles Associates LP bought a new position in ProShares Ultra Yen (NYSEARCA:YCL – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $203,000. Raffles Associates LP owned about 0.54% of ProShares Ultra Yen 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.
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