ProShares Ultra Yen (NYSEARCA:YCL) Short Interest Up 85.9% in March

ProShares Ultra Yen (NYSEARCA:YCL) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 66,111 shares, a growth of 85.9% from the February 26th total of 35,571 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily volume of 57,211 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Yen stock. Private Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Yen (NYSEARCA:YCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 49,161 shares of the company’s stock, valued at approximately $937,000. Private Wealth Advisors LLC owned 1.93% of ProShares Ultra Yen as of its most recent SEC filing.

ProShares Ultra Yen Stock Down 0.5%

Shares of YCL traded down $0.09 during trading hours on Friday, hitting $18.02. The company had a trading volume of 54,304 shares, compared to its average volume of 63,153. ProShares Ultra Yen has a 52-week low of $18.00 and a 52-week high of $24.90. The stock’s 50 day moving average price is $18.96 and its 200 day moving average price is $19.69.

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.