ProShares Ultra Yen (NYSEARCA:YCL) Trading 0.8% Higher – Still a Buy?

ProShares Ultra Yen (NYSEARCA:YCLGet Free Report) shot up 0.8% on Tuesday . The stock traded as high as $22.17 and last traded at $22.16. 136,314 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 86,366 shares. The stock had previously closed at $21.99.

ProShares Ultra Yen Trading Up 0.8 %

The business has a 50-day moving average price of $23.76 and a two-hundred day moving average price of $22.59.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Yen stock. Raffles Associates LP bought a new stake in ProShares Ultra Yen (NYSEARCA:YCLFree 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 approximately 0.54% of ProShares Ultra Yen at the end of the most recent quarter.

ProShares Ultra Yen Company Profile

(Get Free Report)

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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