ProShares Ultra Yen (NYSEARCA:YCL) Short Interest Down 35.5% in December

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

ProShares Ultra Yen Trading Down 0.0%

ProShares Ultra Yen stock traded down $0.01 during mid-day trading on Monday, hitting $19.24. The stock had a trading volume of 39,368 shares, compared to its average volume of 76,553. ProShares Ultra Yen has a one year low of $18.90 and a one year high of $24.90. The firm’s 50 day moving average is $19.65 and its 200 day moving average is $21.19.

Institutional Investors Weigh In On ProShares Ultra Yen

A hedge fund recently raised its stake in ProShares Ultra Yen stock. Jane Street Group LLC lifted its stake in ProShares Ultra Yen (NYSEARCA:YCL) by 19.0% during the 1st quarter, according to its most recent disclosure with the SEC. 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 approximately 3.53% of ProShares Ultra Yen worth $2,010,000 at the end of the most recent reporting period.

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.