ProShares Ultra Yen (NYSEARCA:YCL) Trading Up 0.5% – Here’s Why

ProShares Ultra Yen (NYSEARCA:YCL)’s share price rose 0.5% during trading on Tuesday . The company traded as high as $22.95 and last traded at $22.90. Approximately 88,621 shares traded hands during trading, an increase of 5% from the average daily volume of 84,286 shares. The stock had previously closed at $22.78.

ProShares Ultra Yen Price Performance

The business has a fifty day moving average price of $24.37 and a 200 day moving average price of $22.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Yen stock. Raffles Associates LP bought a new position in shares of ProShares Ultra Yen (NYSEARCA:YCL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 and Exchange Commission (SEC).

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.