ProShares Ultra Yen (NYSEARCA:YCL) Short Interest Up 101.3% in May

ProShares Ultra Yen (NYSEARCA:YCL) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 53,987 shares, an increase of 101.3% from the April 30th total of 26,824 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 19,944 shares, the short-interest ratio is currently 2.7 days.

ProShares Ultra Yen Stock Performance

Shares of NYSEARCA:YCL traded down $0.05 during trading on Monday, reaching $18.02. 11,020 shares of the company traded hands, compared to its average volume of 52,177. The business’s fifty day moving average is $18.28 and its 200-day moving average is $18.85. ProShares Ultra Yen has a 52-week low of $17.94 and a 52-week high of $23.93.

Hedge Funds Weigh In On ProShares Ultra Yen

A hedge fund recently raised its stake in ProShares Ultra Yen stock. Jane Street Group LLC boosted its stake in shares of ProShares Ultra Yen (NYSEARCA:YCL) by 19.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,823 shares of the company’s stock after buying an additional 14,660 shares during the period. 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.