Shares of ProShares Ultra Yen (NYSEARCA:YCL – Get Free Report) traded up 1.7% during trading on Tuesday . The company traded as high as $21.61 and last traded at $21.61. 73,051 shares changed hands during trading, a decline of 17% from the average session volume of 87,954 shares. The stock had previously closed at $21.24.
ProShares Ultra Yen Price Performance
The company’s fifty day simple moving average is $22.61 and its 200 day simple moving average is $22.51.
Institutional Investors 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 stake 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 purchased 10,000 shares of the company’s stock, valued at approximately $203,000. Raffles Associates LP owned 0.54% of ProShares Ultra Yen 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.
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